Irdai raises queries on Hinduja Group’s takeover of RCap
The Insurance Regulatory and Development Authority of India (Irdai) has raised queries over the Hinduja Group’s proposed takeover of Reliance Capital (RCap) and sought clarifications from the company.

New insurance surrender value rules to come into effect on April 1. Details here
Insurance regulator Insurance Regulatory and Development Authority (IRDAI) has released a set of new regulations in relation to the surrender value of insurance policies. The new set of rules will come into effect from the next financial year i.e. April 1, 2024. 

LIC, GIC Re, New India continue to be D-SIIs for 2023-24: IRDAI
Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) has identified three Domestic Systemically Important Insurers (D-Slls) for the year 2023-24. “Life Insurance Corporation of India,  General Insurance Corporation of India and New India Assurance Co Ltd continue to be identified in the 2022-23 list of D-Slls,’‘ the insurance regulator said in a release on Wednesday. 

Pay Rs 20 for Rs 2 lakh cover: What PM Suraksha Bima Scheme is all about
Source Credit: Surbhi Gloria Singh, Business Standard

New Delhi: The Centre has processed and settled 96.55% of claims filed under the PM Suraksha Bima Yojana as of February, disbursing Rs 2,610 crore in total, according to a Finance Ministry official. The scheme, which provides insurance for death or disability due to accidents, has settled approximately 173,000 claims since its launch in May 2015. Currently, it covers 432.9 million people. 

Aim is to double individual first-year premiums in 3 years: ABSLI CEO

How was the company's performance in FY24 and what are your plans?
 

E-insurance now mandatory for all policyholders: What it means for you

What is e-insurance?

Planning your retirement? PGIM India Mutual Fund launches a new fund
Source Credit: Sunainaa Chadha, Business Standard

New Delhi: PGIM India Mutual Fund has launched a new investment option to help people save for their golden years. The PGIM India Retirement Fund is an open-ended scheme with a lock-in period of five years or until retirement age of 60(whichever comes first). This means you can't withdraw your money for at least five years, encouraging you to stay committed to your savings goals.
 

Alteria Capital announces final close of fund III at Rs 1,550 crore
Venture debt firm Alteria Capital has announced the final close of its Fund III (Scheme A) – its venture debt scheme- at Rs 1,550 crore, highlighting the growing demand for debt financing for venture capital-backed startups.

Most InvIT, REIT inflows to go to roads in FY25
The assets under management (AUMs) of infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) are expected to grow 15-20% on year in the next financial year to Rs. 7.5-8 trillion with the roads sector expected to corner 75% of the fresh inflows in these instruments, according to a report.

Nabfid opts for Rs 10,000 cr credit lines over bond issuance to raise money

With signals of easing rates in the next financial year (FY25), the government-owned infrastructure financier wants to avoid long-term fixed rate liability of bonds and debentures.

Bank of India to raise Rs 10,000 cr through long-term infrastructure bonds

The fund would be raised in 2024-25, BoI said in a regulatory filing.

Govt to borrow ₹7.5-lakh crore in April-Sept; ₹12k cr in green bonds
 

Indiabulls Housing raises $350 million via dollar social bonds at 9.7%