Finmin seeks applications for post of whole time Member IRDAI
The finance ministry has invited applications for the post of Whole Time Member (Distribution) at insurance regulator Irdai. The applicant should preferably have at least 25 years of experience in the relevant area with a minimum of three years experience at a senior level, the Department of Financial Services said in an advertisement.

IRDAI sets up inter-disciplinary standing committee on cyber security

The 10-member committee, chaired by PS Jagannatham, includes technology professionals from academics, industry experts and representatives of the insurance broking community. External members can also be invited to the committee, if required.

Life Insurance Return of Premium Plans: Know if it suits you best
Navigating life’s financial journey is a complex path, and securing the well-being of one’s loved ones is paramount. A robust financial plan serves as the cornerstone for stability and ensuring one’s family’s future. Within this plan, term insurance plays a vital role. It not only offers pure life coverage but also constructs a financial safety net for one’s family in case of their untimely demise. Remarkably, term plans are budget-friendly, making them accessible to a broad spectrum of individuals.

How to increase your health insurance cover: 5 things to know
1.With increasing costs, basic health insurance might not be sufficient for the future because of sub-limits and deductibles.
 

Health insurance: Should you look for no-claims bonus for a wider coverage?
On the top of all of these, it is recommended to check the no-claims bonus that inflates the size of your total sum assured, effectively offering a wider coverage in the following years for a lower premium.

We are trimming down cyclical names, adding consumer and utility names: Ashutosh Bhargava, Nippon India Mutual Fund
Ashutosh Bhargava, Fund Manager and Head of Research, Nippon India Mutual Fund, says, “the medium-term outlook is incrementally becoming better across equipment providers and even some of the infrastructure names. So, on a relative sense, despite the run-up we prefer to look at some of these capital goods stock where medium- to long-term prospects remain healthy still although some of the attractiveness are already priced in terms of higher valuations.”

Mutual Funds: Hedge rate risks with floater funds
As floater funds mitigate interest rate risks and adjust the duration based on prevailing interest rates, investors are finding them attractive. In August, when most debt-oriented schemes saw net outflows, floater funds attracted net inflows of `2,325 crore, data from Association of Mutual Funds in India show.

FPIs offload ₹4,800 crore from equities in first fortnight of September
New Delhi: Foreign portfolio investors (FPIs) have pulled out close to ₹4,800 crore from equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in ₹1.74 lakh crore during the period.

Big PE deals prop up last week’s investment value