Strategy shift at India's top insurer LIC aids government borrowing costs
Life Insurance Corp of India (LIC), the country's largest insurer, has stepped up federal and state debt purchases to reduce capital volatility, according to sources and market participants, also helping lower government borrowing costs.

LIC's strategy shift helps reducing government borrowing costs
Life Insurance Corp of India (LIC) boosted its federal and state debt purchases to reduce capital volatility, reported Reuters citing sources. The move also helped in reducing government borrowing costs.

Your money: If income is low and liabilities high, go for term insurance
 

Deductible in Health Insurance
Deductibles in health insurance are options that allow the customer to voluntarily bear a nominal portion of the healthcare costs in return for a reduction in premiums. The option is a standard feature in developed economies but in India, with still nascent health insurance markets, deductible is yet to be a standard feature. Deductible does seem counterintuitive to the basic premise of insurance that is transfer of risk. But in certain circumstances, if the tradeoff provided (between deductible and discount) is valuable and bearing the deductible is a reasonable assumption, then deductible can lower the cost of premiums. We look at the need for deductibles, the different forms of availability and ideal cases of application.

UK's Bupa to acquire 20% stake in health insurer Niva Bupa from JV partner True North

Homegrown private equity firm True North on Friday said that it has agreed to sell 20% of its stake in Niva Bupa, a health insurance company, to its joint venture partner Bupa, a UK-based healthcare services and insurance provider.

World Heart Day 2023: What kind of insurance cover should you choose to protect your heart? MintGenie explains
“H” stands for “heart” with the same “H” standing for “health” too. Obviously, you cannot take care of your health by ignoring the rumblings of your heart. Every year, on September 29, we commemorate “World Heart Day”, a global observance dedicated to increasing awareness about cardiovascular diseases (CVDs), the foremost contributor to worldwide mortality. CVD encompasses a range of conditions impacting the heart and blood vessels, encompassing heart attacks, strokes, heart failure, and arrhythmias. Annually, the World Heart Federation (WHF) selects a theme for this occasion. In 2023, the chosen theme is “Use Heart,” motivating individuals to prioritize heart health and leverage their hearts to enact positive change in the world.

SEBI asks MCX to put launch of new platform on hold
Multi Commodity Exchange of India (MCX) on Friday said the country's markets regulator has asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for next week.

Capital Small Finance Bank files IPO papers with Sebi
Capital Small Finance Bank has filed draft papers with markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO). The bank's IPO comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer For Sale (OFS) of up to 24.12 lakh equity shares by existing investors, according to the Draft Red Herring Prospectus (DRHP).

EPFO extends deadline to upload details by employers for higher pension option by 3-month till Dec 31
Retirement fund body EPFO has given three more months until December 31, 2023, to employers for uploading wage details regarding pension on higher wages.

Multi cap or flex fund? Where should you invest and why
Source Credit:Sunainaa Chadha, Business Standard

New Delhi: Even though small-cap funds continued to be the most sought-after in  August, multi-cap, mid-cap, and Flexi Cap Funds also received substantial flows from retail investors.

True North sells 20% stake in Niva Bupa, aims for ₹1,100 cr raise
Mumbai: Homegrown private equity fund True North has sold 20% of its stake for around ₹2700 crore in Niva Bupa, a general insurance company, to its joint venture partner Bupa, an international healthcare company headquartered in the UK.

With bond power, comes great responsibility
It is often said that when stars are aligned, magic happens. They couldn’t have been better aligned for India’s case for its inclusion in the JP Morgan EM bond index.

India misses out on FTSE Russell government bond index inclusion
Global index provider FTSE Russell said on Friday it would not yet include India in an government bond index, a week after JPMorgan said India would be part of its influential GBI-EM index suite starting next year. “Areas for improvement in the Indian government bond market structure highlighted by international investors remain largely unchanged from the previous March 2023 review,” FTSE said in its annual country classification review for the FTSE Emerging Markets Government Bond Index (EMGBI) Indian government bonds and the local currency took the news in their stride.

Nabard plans first green bond sale by March, to seek Rs 5,000 cr

Mumbai: The National Bank for Agricultural and Rural Development (Nabard) is likely to sell its first set of green bonds worth around ₹5,000 crore by the end of FY24, with the apex rural financier aiming for overall debt sales of ₹55,000 crore for the financial year.

Carlyle in exclusive talks for $7 bln-plus Medtronic units deal: Sources
Private equity firm Carlyle Group Inc has entered into exclusive negotiations to acquire a majority stake in two medical device businesses of Medtronic Plc at a valuation of more than $7 billion, according to people familiar with the matter.