Indian Insurance Industry News & Updates
Upstox enters insurance distribution space, adds HDFC Life as its first insurance partner
Ratan Tata-backed fintech platform Upstox has announced its foray into the insurance distribution business. HDFC Life is among the first insurers to partner with Upstox and feature its term insurance plans on the latter’s platform.
Small towns, big wins: Mutual fund AUM breaks the Rs 10 trillion barrier
The B30 assets under management (AUM) surpassed the Rs 10 trillion mark for the first time in February 2024 and are now nearing Rs 11 trillion.
Phase V constituencies: Women's health insurance remains key challenge
Health insurance among women remains a key challenge for all 49 constituencies. More than half of these constituencies are off target on 20 of the 33 SDGs related to population, health, and socioeconomic well-being, according to a Business Standard analysis of the dataset from a study titled ‘Call for action: presenting constituency-level data on population, health, and socio-economic well-being related to 2030 Sustainable Development Goals for India’.
Equity options boom: Retail frenzy a growing concern as “sachetisation” of option plans draws in younger investors from small towns
A frenzied growth in India’s equity options market, which clocked a record 85 billion trades last year and accounted for 84 per cent of all equity option contracts traded in 2023, is unnerving policymakers and regulators. Apart from the investment surge, the worries for policymakers are twin pronged: that the most traded equity-index options in India are risky short-dated contracts and retail investors now make up over 35 per cent of options trades, undeterred by the fact that 9 out of 10 individual traders in the equity futures and options (F&O) segment are recorded to have incurred losses.
FPIs aggressively selling India stocks, offloaded over Rs 28,000 crore with 10 days to go in May
Foreign portfolio investors sell Rs 28,242 cr of equities so far in May
The Indian Express
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