FinMin approves welfare measures for LIC agents, employees
The Finance Ministry on Monday approved a series of welfare measures, including enhancement of the gratuity limit and family pension, for the benefit of Life Insurance Corporation of India (LIC) agents and employees.

IRDAI plans committee to create Bima Sugam platform, to appoint project consultant
 

Bharti AXA Life Insurance unveils Emerging Equity Fund for long-term capital appreciation; all you need to know
In pursuit of offering distinctive financial products, Bharti AXA Life Insurance has unveiled its New Fund Offering (NFO) - Emerging Equity Fund. This marks the organization's inaugural venture into the mid-cap fund category, intending to facilitate long-term capital growth by investing in a diversified portfolio of mid-cap companies.

Insurers shy away from offering life cover to women during pregnancy
Hyderabad: Insurers are shying away from offering life cover to women during pregnancy. Lack of clarity and misinformation on the matter is leading to confusion and agony for many. 

Overall general insurance premium slip by 4% to Rs 23,550.2 crore in August
Source Credit: Aathira Varier, Business Standard

Mumbai: The overall premium of the general insurance industry dropped by 4 per cent to Rs 23,550.2 crore in August 2023 from Rs 24,472 crore in August 2022. The fall in crop insurance puts an end to a 10-month rising streak.

Govt to roll out credit, insurance packages for farmers on September 19
 

Star Health: Transforming healthcare coverage
In its FY23 annual report, Star Health (STARHEAL) outlined strong growth opportunities in India’s health insurance in India. The COVID-19 pandemic has heightened awareness of medical expenses, leading to increased walk-in business for health insurance. India’s high prevalence of conditions like diabetes, obesity, and cancer, coupled with a growing elderly population, will result in a continued uptick in hospitalisation cases.

Running from cover: Why Star Health is under fire
 

Old Pension Scheme could put severe strain on states' finances': RBI
Mumbai: The states, which revert to the Old Pension Scheme (OPS) could face "unsustainable" fiscal stress, says an article in the Reserve Bank of India's September bulletin. "Results indicate that the cumulative fiscal burden in case of OPS could be as high as 4.5 times that of NPS (National Pension Scheme), with the additional burden reaching 0.9% of GDP annually by 2060," wrote Rachit Solanki, Somnath Sharma, RK Sinha, Samir Ranjan Behera and Atri Mukherjee in the article in the RBI's September bulletin, which was released on Monday.

India’s growth potential can easily accommodate existing, new players in MF industry: JM Financial MF

Even though the mutual fund industry in India has been competitive, the growth has remained largely steady, thanks to the strong inflows, particularly in the last three years. With newer players such as Zerodha, Groww making their entry into the $560 billion mutual fund industry, and Jio Financial Services looking to soon enter, the competition is likely to get hot.

Rs 6,100 crore in 3 months: Riding the wave of floating-rate mutual funds
 

Ridiculous seed-stage valuations have gone: Capital A's Ankit Kedia
Bengaluru: Venture capital (VC) firm Capital A is gearing up to raise its second fund. It rolled out its first fund in 2021 with a corpus of ₹250 crore and invested in about 20 startups including cold chain logistics firm Tan90 and fintech startups DigiSparsh and Credit Fair. Over the next couple of years, it hopes to make 20 more investments through the first fund.

Two top partners exit Orios Venture Partners