Top Indian Insurance Industry News & Updates - 18 March 2024,Monday

🏭 Industry

Banks asked to check mis-selling, safeguard account holders' interest: DFS Secy
New Delhi: Financial Services Secretary Vivek Joshi has said that public sector banks have been asked to check mis-selling of insurance products and ensure protection of account holders' interest.
📝  Insurance rates for IPL business vault over polls clash
Read More >>

🗎 Life Insurance

Planning to surrender your life insurance? Know the costs first
Surrendering a life insurance policy entails terminating the contract before its maturity date and cashing in the accumulated cash value. While this may seem like an attractive option in times of financial strain or changing circumstances, it is essential to weigh the consequences carefully.
Your Money: Life insurance as an investment tool
In today’s ever-changing financial landscape, where ensuring security and stability is crucial, life insurance remains a strong and reliable investment option. However, exploring life insurance as an investment requires understanding the key factors that influence its effectiveness and the potential for growth.
Tata AIA Recognized as a Kincentric Best Employer 2023
Source Credit: Business Standard

Mumbai (Maharashtra) [India], March 16: Tata AIA Life Insurance Company Limited (Tata AIA), one of India's leading life insurers, is proud to announce its recognition as a Kincentric Best Employer 2023. Kincentric Is a globally renowned platform that showcases organizations which are industry leaders in employee engagement and development.
 
Tata AIA Investment Plans: Performance delivery, right from the start
Source Credit: Business Standard

Mumbai (Maharashtra) [India], March 16: Driven by its core value of consumer obsession, Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India's leading life insurers, has introduced a host of funds, over time, for the benefit of consumers.

One can avail of these funds through the company's unique Investment-Linked Plans (ILPs), ULIPs, and market-linked health plans, to generate wealth in the long term and ensure protection cover for loved ones. From capitalizing on small caps and emerging opportunities to investing in sustainably conscious companies, the spectrum of these funds is versatile.
 
📝  New stars will emerge in rail & defence sectors: Harshad Patil, Tata AIA
📝  IDBI Bank’s synergy building with LIC to be on hold due to strategic divestment plans
Read More >>

🗎 General Insurance

Insurance is the new buzzword in the renewable power sector
Chennai: As renewable power will dominate India’s energy transition, a huge capacity addition is being undertaken in the country. Renewable energy projects, ranging from large-scale solar farms to community wind initiatives, represent a significant growth area for insurers. For example, the solar power systems that are being built to generate power are expected to last for several years. So, these clean power projects require comprehensive insurance coverage to mitigate various risks, including weather-related damage, equipment failure and business interruption. Hence, securing an adequate insurance cover to protect the system against losses or damages has become crucial for the developers.
📝  Paid-up insurance policy: 5 things to know
Read More >>

🗎 Health Insurance

📝  How often should you review health insurance cover?
📝  Why you need to arm yourself with critical illness insurance
Read More >>

🏦 SEBI

SEBI gives nod for beta version of T+0 settlement
 
📝  Sebi's exemption to ease compliance burden for FPIs
Read More >>

🗎 Pension Funds/PF

Align NPS allocation with risk appetite, not recent performance
Source Credit: Kumar Singh, Karthik Jerome, Business Standard (Delhi Print Edition)

Tier one equity schemes of the National Pension System (NPS) have delivered a category average return of 34 per cent over the past year.
Read More >>

🗎 Mutual Funds / AMCs

'Correction cleared some smallcap froth, but largecaps still better placed'
Source Credit: Abhishek Kumar, Business Standard
HDFC Top 100 Fund: The top 30% ranking and steady asset growth
Source Credit: Business Standard

HDFC Top 100 Fund, launched in October 1996, featured in the top 30th percentile of the largecap funds category of CRISIL Mutual Funds Ranking (CMFR) for three consecutive quarters through December 2023.
Belying ‘froth fears’, SIP flows rise, to hit a new high in FY24
 
What to make of MF stress tests
For over three years now, mutual funds that invest in small and mid-cap stocks have been the toast of Indian investors. With three-year returns on these funds at 24 per cent and 22 per cent respectively, they have been attracting the lion’s share of equity inflows. The bountiful inflows, in turn, prompted these funds to accumulate more small and mid-cap stocks, thus keeping the party going.
How Edelweiss’s Radhika Gupta dialed up risk in her portfolio
At 40, she is the only woman chief executive officer (CEO) in the ₹54-trillion mutual fund (MF) industry. To top it off, Radhika Gupta, managing director and CEO of Edelweiss MF which has assets under management of ₹1.16 trillion. is one of the youngest chief executives in the industry.
📝  Maximizing tax efficiency with mutual funds: Understanding distribution types and taxation methods
📝  Debt fund investment: Debt fund managers are shunning roll-down strategy, what it means for investors
📝  Know Your Fund Manager: Anish Tawakley, Deputy CIO - Equity, ICICI Prudential AMC
📝  Stress tests of mutual funds show delays in exiting small caps
📝  Separate rules needed for each category of AIFs to fuel growth: Amit Agarwal
📝  The power of factor-based index funds
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

Oister Global to invest ₹4,500 crore in PE/VC funds in next two years
Mumbai : Oister Global, which invests in PE and VC funds, is looking to deploy ₹4,500 crore in private market funds in the next two years, a top executive said.
FPIs net equity inflows soar to ₹40,710 crore in March 1-15
Foreign portfolio investors (FPIs) seem to show strong conviction in the Indian equity markets’ growth prospects going by their notable net inflows of ₹40,710 crore into equities during the first fortnight of March, data from depositories showed.
Read More >>

🗎 Govt Securities / Bonds

📝  JM Financial Fund, Elham invest in GMR Sports' bond issue
📝  Bond yields likely to spike as states line up record borrowings
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