Top Indian Insurance Industry News & Updates - 09 March 2024,Saturday

🏭 Industry

Insurance, retirement, emergency funds: This women’s day, here’s why you should start saving differently than men
As women surge ahead in their professional lives, they are increasingly taking their rightful places in decision-making roles at workplaces. At the same time, setting their personal finances in shape need equal attention. This planning is not to be taken lightly or passed on to spouses or parents.
📝  How Married Women’s Property (MWP) Act protects financial future of woman using life insurance policies even when nominations fail
📝   ‘IRDAI’s draft regulations to protect policyholders’ rights’
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🗎 Life Insurance

How term insurance ownership lays the foundation of financial empowerment for women
It’s not uncommon to see female underrepresentation across sectors in India, including the already underpenetrated insurance sector. Right from nurturers to breadwinners, women not only play diverse roles with ease, but also constitute half of the country’s total population. Despite this, they tend to overlook their own needs and the importance of insuring themselves adequately. Recognising their invaluable contribution to the house – tangible or not – there’s a growing need for women to assume better control over their financial decisions. The stepping stone to achieving this financial freedom is to invest in a robust term insurance policy.
Life Insurance Trends: Decoding Customer Preferences in the Digital Age
India's life insurance sector, ranking 10th globally, is one of the fastest-growing sectors. This strength isn't by chance - it's fueled by two key engines: rapid digital adoption and an understanding of changing customer preferences.
LIC, private insurers lift new biz premium of life insurers by 48%
According to the data released by Life Insurance Council, the NBP of life insurance companies came in at Rs 33,913.18 crore, 48.43 per cent higher than the Rs 22,847.65 crore in the year-ago period.

While LIC’s premium rose by 67.48 per cent to Rs 19,896.01 crore as compared to Rs 11,879.49 crore in the same period a year earlier, private life insurance companies reported 27.80 growth to Rs 14,017.17 crore from Rs 10,968.16 crore.
International Women's Day: Life insurance shields over 70% of urban Indian women, survey reveals
 
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🗎 General Insurance

Farmers’ enrolment in crop cover scheme up 27% this fiscal
 
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🗎 Health Insurance

Ayushman Bharat: Cuts expenses, expands health care net, gives Centre imprint across states
Over time, Prime Minister Narendra Modi’s references to the Ayushman Bharat health insurance scheme launched in September 2018, point to three key takeaways.
📝  Future Generali Launches Women Specific Health Insurance Plan
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🏦 SEBI

Sebi investigation on JM Financial points to Piramal Enterprises’ NCD
The non-convertible debentures (NCDs) issue involved in the Securities and Exchange Board of India’s (Sebi) investigation of JM Financial was floated by Piramal Enterprises. Although the capital market regulator has not named the issuer, the details provided in the Sebi’ order match with the NCD issue of Piramal Enterprises.
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🗎 Pension Funds/PF

Equities outshine bonds. NPS funds ride the bull as 1-year equity returns soar to 34.27%
New Delhi: Bullish equity markets have helped pension funds record a scorching average annual return of 34.27 percent as of March 1, surpassing corporate bonds by over fourfold, and outperforming government securities and State government schemes, latest PFRDA data showed.
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🗎 Mutual Funds / AMCs

Small-cap schemes drive inflows into MFs; equity MF net inflows hit 2-year high in February
Net inflows into open-ended equity funds hit a two-year high of Rs 26,866 crore in February owing to traction in sectoral and thematic funds, and small cap funds, data from the Association of Mutual Funds in India (Amfi) showed.
Equity MFs see strong inflows in February despite dip in certain categories
Mumbai : Mumbai: Net inflows into equity mutual funds jumped to a 23-month high in February, led by a surge of investments in thematic or sectoral funds. Net inflows rose 23% month-on-month to ₹26,865.78 crore, the highest since March 2022, data released by the Association of Mutual Funds in India (Amfi) showed on Friday.
Helios Mutual Fund plans to launch 6 new equity-oriented funds by March, 2025
Kolkata: Helios Mutual Fund plans to launch as many as six new equity-oriented funds by March next year to increase its assets under management (AUM). “We want to launch at least five-six more funds by March, 2025, so that the obvious big categories are completed. These would be equity-oriented funds,” Helios Capital Founder Samir Arora told businessline.
Why this multi-asset fund is good investment option at market highs
In a situation where benchmark equity indices are at record levels and even gold is close to its all-time highs, making an investment choice is not easy. Even bonds have rallied in recent months, with yields declining steadily. Thus, asset allocation becomes critical at this juncture because investors must ensure no potential opportunity is missed and at the same time, a correction in any specific asset class doesn’t seriously hurt their overall portfolio.
What you should know about quant-investing based MFs
Asset management companies employ diverse investment strategies to select stocks from the broad market, aiming to achieve returns that outperform the market. One such strategy, which mitigates the subjective bias of fund managers in investment decision-making, is Quantitative Investing. This method uses mathematical models and predefined criteria to rapidly analyse and back-test extensive historical data, assessing the effectiveness of strategies against benchmarks.
📝  Tata MF’s Meeta Shetty tells why consistent investment & financial independence are important for women
📝  Mutual fund SIP crosses Rs 19,000 crore-milestone for first time in February
📝  Equity mutual fund inflows increase by 23% in February to Rs 26,866 crore, smallcaps record decline
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🗎 Equities, Pvt. Equity / Hedge Funds

FPIs' February inflows swell to ₹22,419 crore in debt markets; What's attracting them to Indian bonds?
Foreign portfolio investors (FPIs) bought ₹22,419 crore in Indian debt markets last month, extending the positive momentum picked up in 2023. The benchmark indexes Nifty 50 and BSE Sensex, which were little changed in January amid foreign outflows, gained more than one per cent last month on FPI buying and robust domestic inflows.
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🗎 Govt Securities / Bonds

ESAF Small Finance Bank to raise ₹135 crore via issuance of tier-II bonds
Mumbai: The Board of Directors of ESAF Small Finance Bank approved a proposal to raise funds by way of issuance of Basel-II compliant lower tier-II subordinated bonds in the form of non-convertible debentures (tier-II bonds) aggregating up to ₹135 crores on a private placement basis.
📝  Multiple-price Method for Bond Auctions Likely
📝  How bond index entry brings in billions
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