Top Indian Insurance Industry News & Updates - 01 Sep 2023,Friday

🏭 Industry

📝  LIC loses more than ₹1,400 crore in six Adani stocks in just a day; details here
📝  LIC celebrates its 67th anniv with outstanding performance
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🗎 Life Insurance

📝  ICICI Pru launches life policy with 30-year regular income
📝  Max Financial issues clarification on Axis deal, dismisses reports on violation of norms
📝  LIC revival campaign for lapsed policies
📝  Bharti AXA Life Insurance appoints Rikhil Shah as its chief financial officer
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🗎 General Insurance

📝  Indian market's short-term outlook clouded by valuation risks: Niraj Kumar of Future Generali Insurance
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🏦 SEBI

📝  Regulating Finfluencers: SEBI walks the walk
📝  Sebi rejigs panel on alternative investment policy; expands to 25 members
📝  Sebi extends timeline to submit public comments on proposal concerning account aggregator
📝  Sebi order on Cairn UK dividends may cloud Vedanta's prospects as debt pressure mounts
📝  Sebi proposes validation agency to verify performance claims of registered entities
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🗎 Pension Funds/PF

📝  PFRDA Intranet: Last date for submitting bids for system integrator extended to Sept 18
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🗎 Mutual Funds / AMCs

📝  MFs’ investment in NBFC CPs crosses ₹1 lakh crore for the first time since August 2019
📝  Rank MF appoints Prashant Gupta as national sales head
📝  AMCs bearing expenses for passive schemes come under SEBI lens
📝  Helios Mutual Fund files draft for a flexi cap fund
📝  Kotak Mutual Fund launches Kotak Multi Asset Allocation Fund
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Alternative investment funds and innovative opportunities for investors
📝  Growth of infra debt funds needs more than easier rules
📝  FIIs offload ₹2,973 crore in Indian equities, emerge net sellers in August; Net buyers DII invest ₹4,383 crore
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🗎 Govt Securities / Bonds

📝  Central Bank of India raises ₹1,500 cr via 10-year bonds at 8.80%
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