Top Indian Insurance Industry News & Updates - 05 Feb 2024,Monday

🏭 Industry

IRDAI plans to remove prior approval norms for listing of shares of insurers
Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) is proposing to remove the requirement for prior approval for listing of shares of insurers on stock exchanges subject to compliance of specified conditions.
📝  Karnataka: Companies must tie-up with insurers for gratuity compliance, employers’ body seeks time
Read More >>

🗎 Life Insurance

Canara HSBC iSelect Smart360: From benefits, to options; all you need to know
A term plan is a crucial financial safety net, ensuring that in the event of the life assured's demise, the family's financial needs are covered. Whether through a lump sum or regular income, the plan provides essential support. With additional coverages to choose from, you can ensure ongoing financial security for your loved ones without hesitation.
📝  Lock into high interest rates with a deferred annuity plan
Read More >>

🗎 General Insurance

📝  Flight delayed or cancelled? Travel insurance has your back
📝  Hospitals air concerns about 'cashless everywhere' plan
Read More >>

🗎 Health Insurance

Which is the right insurance plan to cover cancer treatment expenses?
With the rising number of cancer cases, a person is just one illness away from blowing off all their savings and moving into debt. Hence, it is important to be financially prepared for such fatal diseases with health coverage. Protection from cancer treatment costs demands an additional health insurance cover above standard health insurance.
Health Insurance: How maternity benefits are changing with evolving customer needs
With growing awareness around health insurance in the post-pandemic world, the demand for personalized products has also grown proportionately. This, in turn, has resulted in insurance companies rising up to the challenge and coming up with health insurance plans that offer new-age benefits to suit the modern day needs of the policyholders.
Do lifestyle habits affect health insurance premiums, here’s what you need to know
The increasing expenses associated with healthcare and health insurance pose significant worries for individuals globally. For many, the financial strain of healthcare can be daunting, potentially overwhelming them. Elevated costs may further restrict access to essential care, especially for those with lower incomes and families. Such limitations can worsen pre-existing health disparities, contributing to avoidable health issues. Additionally, the financial strain related to healthcare can adversely affect mental well-being, giving rise to anxiety, depression, and other mental health challenges.
Read More >>

🏦 SEBI

SEBI may tighten rules for algo trading
Mumbai: The market regulator may look to regulate algo platforms and make it mandatory for brokers to get approvals for algo strategies used by clients, said two people familiar with the matter.
📝  Northern Arc Capital Limited files DRHP with SEBI for IPO
Read More >>

🗎 Pension Funds/PF

Decision on FY24 interest rate likely in EPFO board meet on Feb 10

The EPFO has more than 60 million subscribers.
 
Read More >>

🗎 Mutual Funds / AMCs

Mutual Funds: How to leverage the potential of index funds in your portfolio? MintGenie explains
The dynamics of index funds have changed significantly in the last few years in India. With the proliferation of awareness initiatives and the introduction of innovative benchmark schemes by mutual fund houses, investors are exploring this universe with active interest. Simply put, index funds replicate a stock market index in terms of a portfolio. 
Debt mutual funds prosper in wake of Interim Budget yield decline
The debt market sentiment was buoyed by the government’s gross borrowing plan of Rs 14.1 trillion for 2024-25 vis-à-vis Rs 15.43 trillion estimated for the current financial year (2023-24).
Amid Paytm Bank fiasco, here is the list of mutual funds with stakes in Vijay Shekhar Sharma's fintech company
Paytm Bank fiasco: The mutual fund industry's collective exposure to One97 Communication Ltd (Paytm) stands at ₹1,995 crore as of December 31, 2023, which is only 0.06% of the total equity assets under management (AUM), highlighted brokerage house Fisdom Research in a recent note.
Quant MF pivots from Adani to Ambani stocks. Here’s why
Over the past six months, Quant Mutual Fund (MF) has built up an outsized bet on Reliance Industries Ltd (RIL), the conglomerate led by billionaire businessman Mukesh Ambani. Of its ₹45,963 crore assets under management (AUM), Quant MF’s exposure to RIL stands at ₹4,512 crore, or 9.8%. If you add its roughly 4.4% exposure to Jio Financial Services, this goes up to 14.4%. Since Jio also has a stake in RIL, the combined exposure of the fund house is actually a bet on the same entity.
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

FPIs investment in debt market over 6-year high at Rs 19,800 crore in January
Foreign Portfolio Investors (FPIs) have injected over Rs 19,800 crore in the country’s debt market in January, making it the highest monthly inflow in more than six years, on the back of inclusion of Indian government bonds in the JP Morgan Index.
PE/VC funding sinks below $95 million
Bengaluru : Investments by private equity and venture capital firms dropped significantly last week, with the total value falling below $100 million yet again, after some relief in January.
Read More >>

🗎 Govt Securities / Bonds

Bond traders pin hopes on dovish RBI pivot to extend Budget rally
Bond traders in India are anticipating that a fiscally prudent budget may prompt the central bank to signal a dovish monetary policy tilt, and extend the best rally in more than year.   
📝  Borrowing costs likely to fall after govt cuts its take
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710