Motor and health insurance to witness accelerated growth in FY2024-25
With a demographic shift, rising disposable incomes, and a government actively pushing financial inclusion, the Indian insurance sector stands on the cusp of another promising year in 2024. Life, health and motor will witness more growth with evolving consumer needs. Statistics reveal a burgeoning middle class, which with its increasing purchasing power, is expected to comprise 47% of the population by 2030. Rising income will invariably lead to more awareness and affordability towards insurance in the times to come.

LIC clarifies on SEBI’s front running order against former employee
Mumbai: Life Insurance Corporation of India (LIC) has issued a clarification against SEBI’s March 19 order on front-running of the insurer’s trades by an employee. “It is informed that Yogesh Garg was an employee in the cadre of Administrative Officer of LIC. He has been removed from the services of the Corporation following the due administrative procedure by the disciplinary authority consequent to his involvement in the front running,” the life insurer said.

LIC sacks employee involved in front-running case
Life Insurance Corporation of India (LIC) on Wednesday said it has sacked an employee involved in a stock market front-running case which was under investigation by market regulator Sebi.

High base effect of last year to hit March growth business of life insurers

In the Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit-linked insurance plans or Ulips) with an aggregate premium exceeding Rs 5 lakh would be taxed. This rule came into effect on April 1, 2023.

4 key trends shaping the future of life insurance for the millennials and Gen Z
Millennials have disrupted many industries, and insurance is not an exception. This generation values connectivity and their continuous access to information, thus demanding personalised experiences, transparency, and technology-driven solutions.

World Oral Health Day: How insurance can serve as collateral for secured loans?
The importance of oral health cannot be overstated, as it not only affects our physical well-being but also our overall quality of life. World Oral Health Day is celebrated annually on March 20th to raise awareness about the importance of maintaining good oral health practices. 

MFs miss out on small wonders, and highs
Even as the Nifty Smallcap 250 TRI, a benchmark index for smallcap funds, has appreciated significantly in the past one-year and three-year periods, a large number of smallcap schemes have underperformed.

Peak market returns a thing of past: Aditya Birla Sun Life AMC's Patil
With peak returns in the markets already behind, Mahesh Patil, chief investment officer at Aditya Birla Sun Life AMC expects a subdued 10-12% return for investors in 2024. 

Reduce liquidity risk in smallcap, midcap funds with asset allocation
The results of the stress tests conducted by mutual fund houses in their mid and smallcap funds show that liquidity risk is higher in the latter category.
 

Indian REITs seek equity classification for greater investor acceptance
Indian real estate investment trusts seek to be classified as equity and included in the equity indices as they look for more acceptability among the expanding investing class, according to the Indian REITs Association, the newly minted apex body for the sector.