IRDAI notifies consolidated expenses of management regulations
Insurance regulator IRDAI has notified consolidated comprehensive regulation on Expenses of Management (EOM) of insurance companies.  The newly notified regulation also covers payment of commissions to intermediaries. 

SBI Life Insurance launches two new products: Features, other details here
Mumbai: SBI Life Insurance, one of the most trusted private life insurers in the country, recently launched two products– ‘SBI Life - Saral Swadhan Supreme’ and ‘SBI Life - Smart Swadhan Supreme’, that not only provide a life cover but also benefit of the return of premiums at maturity, to fulfill customer’s financial objectives. The new products are designed to empower customers by catering to the growing awareness of the essential link between insurance and financial well-being. These plans offer a lumpsum benefit on the policyholder’s demise during the policy term and also pay back the total premiums paid in case the life assured survives the policy term.

Canara HSBC Life Insurance launches iSelect Guaranteed Future Plus; features, plan options and other key details
Canara HSBC Life Insurance introduced iSelect Guaranteed Future Plus, a comprehensive plan designed to deliver life insurance and assured benefits, ensuring the safeguarding of goals and providing peace of mind. This plan offers financial security and stability, catering to individuals and their families at various life stages and significant milestones.

General Insurance Council launches ‘Cashless Everywhere’ for mediclaims
Mumbai: General Insurance Council, in consultation with all general and health insurance companies, has launched the ‘Cashless Everywhere’ initiative, wherein policyholders can get treated in any hospital they choose, and a cashless facility will be available even if such a hospital is not in the network of the insurance company.

Sebi relief for high-risk FPIs; Offers grace period and liquidation option
In a relief to foreign portfolio investors (FPIs) with disproportionately high exposure to a single corporate group, the Securities and Exchange Board of India (Sebi) has decided to give them more time to comply with the new disclosure norms on beneficial owners or liquidate holdings, sources close to the development said.

Sharing of investor data with SEBI: FPIs get seven months to liquidate their holdings
Foreign portfolio investors (FPIs) will get seven months to liquidate their holdings if they do not meet the Securities and Exchange Board of India’s January-end deadline to disclose data about their investors, highly-placed sources said.

PGIM India Mutual Fund launches PGIM India Large and Midcap Fund; all you need to know
PGIM India Mutual Fund announced the launch of the PGIM India Large and Midcap Fund, an open-ended equity scheme investing in both large-cap and mid-cap stocks.

HSBC Mutual Fund forecasts $100-billion surge in FPI flows to Indian bond markets over next 3-5 years
New Delhi Foreign investors could pump in as much as $100 billion into the Indian debt market over next 3-5 years, HSBC Mutual Fund has said in a new report on Wednesday. While index related flows (arising from India’s recent inclusion in global bond indices) could touch $50 billion, there is also an expected additional foreign portfolio investors’ (FPI) flows of $50 billion from standalone strategic allocations to Indian bonds, it added.

Budget 2024: Tax parity between ULIPs and mutual funds needed, says George Thomas of Quantum AMC
Capex allocation is expected to be moderated in the forthcoming Budget 2024. Private banks and top IT companies could perform well in the near future. And as far as broader markets are concerned, the calendar year returns could be in the low double-digit, asserts George Thomas, fund manager (equity) of Quantum Mutual Funds, in a telephonic interview with MintGenie.

MF investors pulled out record Rs 11K crore from SIPs in Dec 2023

The intensified redemption pressure came amid profit-taking by investors following a sharp market rally.

After $70 Billion Hit, Insurers Wake Up to New Patterns of Risk
The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest losses.

Wall Street’s titans are betting big on insurers. What could go wrong?