FM Sitharaman inaugurates LIC’s International Business Centre at Gift City
New Delhi: Finance and Corporate Affairs Minister Nirmala Sitharaman on Friday inaugurated via virtual mode LIC’s new international business centre at GIFT City, Gujarat. This strategic move of insurance behemoth to locate presence  in GIFT City is aligned with LIC’s commitment to providing world-class insurance and financial services on a global scale.

Retirement planning: This Life Insurance policy will help you retire early
Looking to retire early? LIC's Jeevan Dhara policy could be a valuable tool, especially for young couples. This policy offers a range of benefits that align with the goals of those seeking early retirement. With its financial security, flexible options, tax benefits, and focus on early retirement planning, this policy can serve as a valuable asset in achieving the goal of financial independence and early retirement.

Future Generali India Life Insurance appoints Alok Rungta as Managing Director & CEO
Future Generali India Life Insurance on Friday announced the appointment of Alok Rungta as the Managing Director & CEO of the company, effective 1st April. Alok Rungta, currently serving as the Deputy CEO and CFO, brings a wealth of experience and expertise to his new role, it said. He will take the reins from Bruce De Broize, who is the MD & CEO until 31st Mar 2024.

Last-Minute Tax Planning: How Choosing the Right Life Insurance Policy Can Maximize Benefits
As the current fiscal year draws to a close, we all focus on reviewing our tax-saving investments. It’s important to understand that, in addition to being a powerful component of last-minute financial planning, life insurance plays a pivotal role in ensuring its stability and peace of mind for the loved ones left behind. Whether you are a seasoned player or a novice in terms of financial decisioning, the last-minute purchase of life insurance should be based on values beyond tax-saving aspects, such as the optimal product, player, and cover from a long-term perspective.

Universal Sompo General Insurance covers 2 lakh under PMJAY
 

ICICI Lombard appoints Anand Singhi as Chief – Retail and Government Business
ICICI Lombard on Friday announced the appointment of Anand Singhi as its new Chief – Retail and Government Business, in a strategic move aimed at further strengthening its position in the insurance industry. With a wealth of experience spanning over two decades in the general insurance industry Anand Singhi’s appointment connotes a significant step towards fostering innovation and driving growth for ICICI Lombard, it said in a statement. 

5 reasons your health insurance claims may be denied
Health insurance is meant to provide financial protection against medical expenses. However, insurance companies do deny claims for various reasons. As a policyholder, it is important to be aware of common reasons why health insurance claims may get rejected. This will help you take necessary precautions and avoid claim denials.

Apis Partners sells shares of insurance firm Star Health for Rs 553 crore

London-based Apis Partners through its affiliate Apis Growth 6 Ltd disposed of shares of Star Health on the BSE.

Domiciliary hospitalisation benefit: Get cover for treatment at home
Individuals should look for a health insurance cover which offers domiciliary hospitalisation benefit or take it as a rider to ensure comprehensive coverage. It provides coverage for medical treatment at home, ensuring comfort for the insured unable to be hospitalised.

SEBI accepts settlement by four banks in FPI registration case
Mumbai: SEBI has agreed to settle with Deutsche Bank AG, The Hongkong and Shanghai Banking Corporation Limited, HDFC Bank and Citi Bank N.A. in a case related to carrying out due diligence in processing FPI applications.

SEBI’s concerns mount with flows into small/mid-cap funds
Mumbai: Inflows into small-cap funds have increased by 92 per cent in the first 10 months of this fiscal to ₹37,360 crore against ₹22,103 crore logged in the whole of last fiscal, leading to SEBI concern about a froth in the market.

SEBI makes right moves for ease of mutual fund business
The Securities and Exchange Board of India last week came out with a consulting paper that aimed at ease of doing business for mutual funds. This came after the Finance Minister in the FY24 Budget made an announcement to simplify, ease and reduce cost of compliance for participants in the financial sector through a consultative approach.

Retail participation in mutual funds still below global average, says G Pradeepkumar of Union AMC
Large cap stocks are not cheap anymore, but are not in a bubble zone either. And their valuation may continue to rise further on growing inflows from overseas investors, believes G Pradeepkumar, CEO of Union Asset Management Company (AMC). 

´ Moderation in earnings growth likely to weigh on equities this year´
Source Credit: Business Standard (Delhi Print Edition)

How do you see the market positioned at this juncture? What is your outlook, considering the valuations and earnings growth expectations?

Six institutional investors allotted more than 5% of equity shares offered in Union Bank’s ₹3,000 cr QIP issue
Mumbai: Morgan Stanley Asia (Singapore) Pte., Societe Generale, HDFC Life Insurance, BNP Paribas Financial Markets, SBI Life Insurance, and Sundaram Mutual Fund have been allotted more than 5 per cent of the equity shares offered in Union Bank of India’s ₹3,000 crore Qualified Institutional Placement (QIP) issue.

Adani Group tells investors sale of new overseas bond worth $409 million due next week: Report

The Indian conglomerate’s capital-raising activities are under close scrutiny after a scathing report by short-seller Hindenburg Research alleging malfeasance triggered a rout in its stocks and bonds.