Indian Insurance Industry News & Updates - November 2024
Corporate bond issuances rebound in November as market gains stability
Estimates suggest that Indian companies might have raised Rs 82,590 crore as of November 28, according to market sources, against Rs 33,148 crore in October.
LIC Jeevan Utsav: New life insurance plan launched with lifetime guaranteed returns
Life Insurance Corporation of India (LIC) has launched a special scheme, named Jeevan Utsav. LIC’s Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan.
Indian equity market enters coveted USD 4-trillion m-cap club for first time ever
The combined market valuation of all listed companies on the leading stock exchange BSE reached the USD 4-trillion milestone for the first time ever on Wednesday.
Birla MF garners ₹800 crore via logistics fund NFO
It presents a wide investing universe, encompassing over 20 industries and more than 200 businesses. The transportation theme includes sectors such as automobiles and auto ancillary while logistics theme includes sectors like ports, warehousing/supply chain, e-commerce and allied sectors. The sectors common to both themes would be shipping, railways, infrastructure and airlines.
Mint Healthcare Summit: ‘Fear, not awareness, driving health insurance buying post-covid'
The covid-19 pandemic sparked a welcome change in the insurance industry as people bought health insurance plans proactively to secure themselves in case of sudden hospitalisation. However, Dr. Bhabatosh Mishra of Niva Bupa Health Insurance said during a panel discussion on health insurance at the Mint Healthcare Summit 2023 that fear, not increased awareness, drove people to buy health insurance during and after covid. That said, health insurance very much remains a push product in India.
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