LIC unveils Jeevan Dhara II featuring unique annuity choices; here's all you need to know
On January 22, 2024, the Life Insurance Corporation of India (LIC) launched Jeevan Dhara II, a novel annuity plan. This non-linked, non-participating, individual savings, deferred annuity scheme is designed by LIC to ensure a secure and guaranteed financial future for individuals.

Life insurance: Evaluate your insurer based on 3 key parameters
Life insurance plays a key role in every Indian’s financial planning strategy. It is not just a component; it serves as a key safeguard for securing one’s future. It is paramount to understand the focal role of life insurance in protecting your loved ones from unexpected life events, particularly given the absence of a robust social security net in India. It is not only important to include life insurance in your financial plan, but also a necessity. The mantra individuals should follow when developing a financial plan should be to ‘protect and save.’

LIC closes above IPO price for first time since listing
Shares of Life Insurance Corporation closed above the IPO price for the first time on Wednesday since its listing in May 2022. The stock closed at ₹949.75 on both the NSE and the BSE, a tad above the IPO price of ₹949. Though the stock moved above the allotment price of ₹904 (for retail investors) and ₹889 (policy holders) a few days back, it managed to close above ₹949 — the allotment price for HNIs and institutions — only today. With this, all investors can heave a sigh relief, as their investment turned positive after one-and-half years.

Star Health net profit rises 38% to ₹290 cr in Q3
 

SEBI restrains Kishan Vishram Nanda for front-running trades in Sanctum PMS case
The SEBI on Wednesday restrained Kishan Vishram Nanda, who worked as an equity dealer in the broking arm of Sanctum Wealth Management, from accessing the securities market and dealing in securities for three years and for front-running trades of Sanctum PMS. He has been been levied a penalty of ₹5 lakh.

PFRDA invites bids for system integrator
The Pension Fund Regulatory and Development Authority (PFRDA) has invited bids for the selection of a system integrator for the design, development, implementation and maintenance of the PFRDA-TRACE (Tracking Reporting Analytics & Compliance E-Platform) as part of a technology architecture project.

EPFO releases guidelines for EPS members having multiple accounts

The circular, released on Monday, states that whenever an EPS member possesses multiple account numbers for concurrent employment, thus working simultaneously in two or more establishments, the pension from each establishment shall be worked out at the date of exit on an actual basis and pension payable from all establishments shall be aggregated.
 

Pension fund regulator invites bids for selection of system integrator for compliance e-platform
Pension regulator, the Pension Fund Regulatory and Development Authority (PFRDA), has invited bids for selection of System Integrator (SI) for Design, Development, Implementation and Maintenance of PFRDA-Trace (Tracking Reporting Analytics & Compliance E-Platform). The last date for submission of bids is March 11.

Budget 2024: Some tinkering with standard deduction may happen, says Trupti Agrawal of WhiteOak Capital
Stock market’s direction in the short term is similar to the flip of a coin. So, it is advisable to spot opportunities in great businesses at good valuations, says Trupti Agrawal, Fund Manager, WhiteOak Capital AMC, in an email interview with MintGenie.

DSP Asset Managers advises investors to adopt multi-asset investment strategy
 

Equity markets tread K-shaped path, India's mcap to touch Rs 380 trn
The equity markets exhibited a K-shaped trajectory in January. The stocks that posted weak numbers bore the brunt, while those registering robust numbers or seen benefiting from the Union Budget were lapped up by investors. Overall, the bluechip-focused Sensex and Nifty indices consolidated after rallying sharply during the preceding two months.