Hesitant health insurers get a regulatory prod to expand coverage
Source Credit: Subhomoy Bhattacharjee, Business Standard

Few Indians sport a health insurance cover. This is a good reason why the sector regulator, Insurance Regulatory Development Authority of India (Irdai) wants companies to sell more of this business. As a percentage of GDP (insurance penetration) health insurance is just 0.35. As a measure of social equity the number is abysmal.
 

Star Health posts highest-ever annual profit of ₹845 crore in FY24
 

Why is health insurance crucial for working women? Here are 4 key reasons
Securing the future of both women and their families hinges significantly on the pivotal role of health. In the diverse tapestry of India, women adeptly navigate the intricate balance between their professional aspirations and familial responsibilities, epitomising resilience and adaptability. 

What piece do healthcare fintechs make in the health insurance jigsaw puzzle?
A large population of India is vulnerable to high medical expenses given the jump in inflation and significantly low healthcare insurance penetration. In certain cases, even an insurance holder ends up paying out of his pocket (OOP) on some medical expenses. To specifically help such cases, the recently-propped up healthcare fintechs provide services such as no-cost EMI loans, embedded insurance, etc.

Seamless Onboarding: Max Life Pension targets 400 corporates this year, says CEO Ranbheer Singh Dhariwal
Max Life Pension Fund Management Ltd (MLPF), a recent entrant in pension fund management space, is on a scaling up mode, aiming to onboard atleast 400 corporates this financial year, Ranbheer Singh Dhariwal, Chief Executive Officer has said. In 2023-24, which was the company’s first full year of operations, as many as 105 corporates were onboarded out of which 80 were new to National Pension System (NPS), Dhariwal told Businessline here in an interview. This company is also looking to ramp up its individual NPS subscriber count from 8,500  now to about 30,000 by end March 2025, he added. 

Best Mutual Funds to invest in 2024: Top-performing large, mid, small, multi, flexi-cap funds in one year. Check here
Best Mutual Funds to invest in 2024: What are the best mutual funds in India right now? Well, determining the top or the best mutual funds to invest in depends on various factors such as your investment goals, risk tolerance, investment horizon, and personal preferences. However, some types of mutual equity funds have outperformed their benchmark index in one year.

Dynamic hybrid funds: Why should you invest in these mutual funds?
If there is one category of mutual fund which has elicited extremely high investor interest in the last 5 years, it has been the dynamic hybrid funds which are sub categorised further into balanced advantage funds and multi asset funds. The dynamic asset allocation pattern of these funds has immensely attracted investors due to the design which ensures better risk mitigation.

Why Sumit Shukla has funds tied up in NPS tier-II, not MFs
 

India in no 1 spot in terms of interest & capital: Niren Shah, MD & Head, Norwest India
This tranche of fundraising is expected to be around $3 billion, and you’re looking at active deployment in India...

Muthoot Finance to raise Rs 500 crore through issue of five-year bonds

India's Muthoot Finance plans to raise 500 crore rupees ($59.92 million), which includes a greenshoe option of 250 crore rupees, through sale of bonds maturing in five years, three bankers said on Tuesday.