Insurers to provide details of basic features of policy to customers from Jan 1, 2024
Insurance companies will have to provide basic features of a policy like sum assured, what the policy covers as well as exclusions, and claim procedure, to policyholders in a prescribed format from January 1, for easy understanding of terms and conditions.

In New Year, know your health cover at a glance
Health insurance plans are set to become more transparent and user-friendly, with the regulator directing companies to issue a sheet containing a concise summary of basic policy information and holders’ rights.
 

IRDAI mandates updated, simple customer info sheet for health insurance cover from January
An updated customer information sheet (CIS) for health insurance cover providing policyholders key information in simple terms while highlighting their obligations to make transparent and fair disclosures will be issued from January.

SAT quashes SEBI’s ban on key roles for ZEE’s Goenka
The Securities Appellate Tribunal (SAT) on Monday set aside an order of the Securities and Exchange Board of India (SEBI) barring Zee Entertainment Enterprises Ltd. CEO Punit Goenka from holding any key managerial position in the media house or any other company over allegations that he and his father -- Zee founder Subhash Chandra -- had siphoned off company funds.

AMCs are here to stay. HDFC, Nippon have charted growth paths to hold sway over the market
The growth in Systematic Investment Plans (SIPs) should have done wonders for the listed players in the Asset Management Company (AMC) segment.

Nippon Life India AMC Q2 net up 18% on higher income
The fund house has announced an interim dividend of ₹5.50 per equity share and fixed the record date as November 9. Income from operations increased by 20 per cent to ₹397 crore (₹332 crore). Other income was down five per cent to ₹78 crore (₹82 crore).

7 equity mutual fund categories offer over 12% in 2023; small caps give 24%

Mutual fund investors are extremely happy these days. No wonder, most prominent equity mutual fund categories have offered double-digit returns in 2023. To be precise, seven equity categories offered over 12% in the current year. The toppers have offered even better returns.

Edelweiss IPO Fund restricts lump sum investments

Mumbai: Edelweiss Recently Listed IPO Fund, a thematic fund with assets of ₹1,000 crore, will restrict lumpsum investments to ₹2 lakh per transaction with effect from November 6. However, the scheme will continue to accept investments through systematic investment plans (SIPs) and systematic transfer plans (STP).

50 Equity : 50 Debt helps in meaningful wealth creation: Motilal Oswal Wealth

A study by Motilal Oswal shows that a portfolio comprising 50% equity and 50% debt has the potential to generate meaningful wealth creation in the long term. Such a portfolio returned a compound annual growth rate (CAGR) of 12.2% over the 1990-2023 period, with a standard deviation of 14.3%, according to the study.

True North gets 2% in AU Small Finance
Mumbai: Private equity firm True North’s Fund V will pick up around 2% in AU Small Finance Bank after its merger with Fincare Small Finance Bank goes through, the private equity firm’s partner Divya Sehgal said in an interview.

Narayana Group Company raising Rs 1,150 crore to buy out PEs

Mumbai: Silverline Investment and Finance, a financial services firm affiliated with the Narayana group of educational institutions, is in the process of raising ₹1,150 crore at an interest rate of 12.95%.

Equity and debt first among equals to earn best returns

A study by Motilal Oswal shows that a portfolio comprising 50% equity and 50% debt has the potential to generate meaningful wealth creation in the long term. Such a portfolio returned a compound annual growth rate (CAGR) of 12.2% over the 1990-2023 period, with a standard deviation of 14.3%, according to the study.

Blackstone acquires Care, Kims in $1 bn deal