IRDAI proposes extended free look in period to enhance policyholders interest
https://timesofindia.indiatimes.com/business/india-business/irdai-looks-to-double-policy-trial-to-1-month/articleshow/107704070.cms

Life insurers ask Irdai to charge surrender value on accumulated premia
They said life insurance companies have put forth their recommendation, which will be submitted to the insurance regulator through the Life Insurance Council.

Urban Indians’ insurance adoption up but financial security still below pre-Covid levels
Mumbai: Urban India has shown progress in financial readiness, with 3 out of 4 urban Indians now owning life insurance products. However, their financial security levels are yet to recover to pre-Covid levels, according to Max Life Insurance’s ‘India Protection Quotient (IPQ)’ survey. The sixth edition of the IPQ survey, or IPQ 6.0, was conducted in partnership with marketing data and analytics company Kantar. It covered 4,700 respondents across 25 Indian cities and surveyed urban India’s pulse on financial protection.

LIC gets analysts premium post strong Q3 show
Chennai: For Life Insurance Corporation of India (LIC), the start of the current fiscal turned out be a momentous one, as it managed to come out of a year-long bear grip since its listing in May 2022. The stock of LIC dipped to a low of ₹530.20 on March 29 last year, but since then it not only managed to regain its IPO price of ₹949, but also beat heavyweights such as ITC, Hindustan Unilever, Bharti Airtel and SBI to become the sixth most-valued firm. It currently commands a market capitalisation of ₹6.38-lakh crore.

Silicon Valley needs to acceptthat Insurance is boring
Silicon Valley entrepreneurs hate it when the audience gets bored, but they may need to elicit more yawns if they are to transform insurance.

Sebi ropes in Irdai on Rashmi Saluja's Care Health Esops
The battle for Religare Enterprises Ltd (REL) has taken a new turn, with the market regulator seeking the views of its insurance counterpart on REL’s insurance unit issuing hefty stock options to Rashmi Saluja, who chairs both companies.

Largecap heavy funds back in reckoning as smallcap fever recedes
This is an indication that investors may now be shifting to the relatively safer largecap stocks after a sharp run up in the mid and smallcap spaces.

Mutual funds: Small towns join big players, says ICRA report
The average asset under management of ₹52.89-lakh crore of top five States and Union Territories (UTs) including Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal accounted for 68 per cent of the mutual fund industry last month, reported Business Line.

We are targeting Rs 1 trillion in AUM by 2026: LIC Mutual Fund CEO
LIC Mutual Fund remains a mid-sized AMC despite its 34-year history, and new managing director and CEO RK Jha aims to change that. In an interview to Siddhant Mishra, Jha highlights the importance of expanding physical presence and says the strong trend in SIP contributions proves the maturing of the Indian investor. Excerpts:

Mutual Funds' Rs 13k cr balm as FPIs bleed out HDFC Bank in January

MFs purchased 88.2 million shares in January after divesting 53.3 million shares during the November-December period, according to Nuvama Alternative & Quantitative Research reports.

India-focused offshore funds, ETFs draw $6.54 bn in Q3: Morningstar
The India-focused offshore fund and ETF category received a net inflow of $6.54 billion in the December quarter, marking the sixth consecutive quarter of net inflows and the second-highest quarterly inflow to date. The September quarter had seen the highest-ever quarterly net inflow of $7.97 billion.

KKR to Acquire a Stake in Cotiviti From Veritas Capital
KKR & Co. has agreed to acquire a stake in Cotiviti from private-equity manager Veritas Capital in a deal valuing the healthcare-technology business at around $11 billion.

G-Sec yields rose on Wednesday, following US Treasury yields, due to higher than expected US inflation
Mumbai: Government Security (G-Sec/GS) yields edged up on Wednesday, tracking US Treasury yields, which went up as US headline inflation in January rose more than expected.