Top Indian Insurance Industry News & Updates - 07 March 2024,Thursday

🏭 Industry

Reinventing insurance with Generative AI
Generative AI is fast making its way into multiple business processes and its use case in the insurance sector is taking centrestage. FinancialExpress.com in association with Red Hat and IBM organised an Insurance Leadership Dialogue to understand how the industry is adopting this technology and what opportunities and challenges it faces in this journey.
📝  Elephant.in launches Cancer Insurance Policy for women
📝  ESIC approves ₹1,128 cr for construction of 7 hospitals
📝  About 15% of insurance claims in India are fraudulent, says expert
Read More >>

🗎 Life Insurance

Thinking of Investing: Think Tata AIA Plans
SC+ BS+

Mumbai (Maharashtra) India: Over the past few years, Tata AIA, one of India's leading private life insurers, has consistently introduced new investment opportunities to investors seeking to generate wealth. Exploring several diverse themes, Tata AIA has developed a robust suite of 8 Unit linked products.
 
Factors Influencing Your Term Insurance Rates: A Deep Dive
Source Credit: The Pioneer

The need to have a comprehensive Life Insurance plan is paramount in today’s fast-paced world. Considering this, it is important to have a life coverage plan like Term Insurance that not only suits your requirements, but also your budget. Read ahead to understand the factors that affect Life Insurance rates in order to fetch the lowest quotes. 
Read More >>

🗎 General Insurance

International Women's Day 2024 - Insurance for all by 2047: How will it benefit women
International Women's Day 2024: The government initiative to make insurance coverage available to all of India will benefit women by addressing their unique needs and circumstances:
Read More >>

🏦 SEBI

📝  Sebi comes out with settlement scheme III on illiquid option cases
Read More >>

🗎 Mutual Funds / AMCs

SEBI should be specific about addressing small-cap risks
SEBI’s (Securities Exchange Board of India’s) missive to the mutual fund industry warning of froth building up in small-cap stocks has come not a day too soon. Euphoria in this segment has been all too evident with small-cap indices delivering returns of 60-70 per cent in the past year compared to a 26 per cent gain in the Nifty 50. The breathless rally has bid up the price-earnings multiple of the Nifty Smallcap 250 Index to 29 times, a stiff premium to the Nifty 50’s 23 times. Enthusiastic retail buying of penny stocks is a sign of a bubble in the making. Small-cap funds have garnered a lion’s share of recent inflows into mutual funds, with their managed assets shooting up by 90 per cent in one year.
Women fund managers handle 12.63% of mutual fund assets: Morningstar

The report said that there has been a sharp uptick of 50 per cent in the assets managed by women, year-on-year (Y-o-Y).
📝  Motilal Oswal Midcap Fund turned Rs 1 lakh investment into Rs 7.66 lakh in 10 years
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

📝  'Concentrated' AIFs need stricter rules to stop misuse: Fund Houses
Read More >>

🗎 Govt Securities / Bonds

Indian Government Securities inclusion in Bloomberg EM Index to attract $3-4 bn foreign investments
Mumbai: The proposed inclusion of Indian Government Securities (G-Secs) in the Bloomberg Emerging Market (EM) Local Currency Government Index and related indices could attract foreign portfolio investments of about $3-4 billion in these securities, per expert estimates.
Adani Group in discussions to offer $1.2 billion more bonds by June

Billionaire Gautam Adani’s conglomerate is considering offering another $1.2 billion of dollar bonds by June, people familiar with the matter said, fresh off a note issuance this week that was also part of plans to raise at least $2 billion in mostly new debt this year.
📝  P-note investment slightly drop to Rs 1.43 lakh cr in Jan on high valuations
📝  Indian bond markets eye smaller below-$5 bln inflow from Bloomberg inclusion
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