Top Indian Insurance Industry News & Updates - 30 Dec 2024,Monday
🏭 Industry
Insurers may get to sell related non-insurance value added products and services but not MFs
New Delhi : Auto repair from your car insurer and fire extinguishers courtesy your home insurer? Not outlandish ideas, but part of the government’s plans to allow insurance companies to sell related products and services.
📝 Over three years, health insurance claims rise 30%
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🗎 Life Insurance
📝 ICICI Prudential Life, RGA launch insurance product covering specific ailments of women
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🗎 General Insurance
📝 Policy moves in 2024 - game changer for insurance
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🗎 Health Insurance
Stay fit, save on insurance premiums
You can get discount on insurance premium if you meet certain fitness goals. Some insurers offer discounts on renewal premiums if a customer accumulates wellness points by opting for various fitness activities like taking 10,000 steps daily for set durations, run marathon, get a gym membership or a sports activity or having an annual health check-up. You can show proof of meeting the fitness goals by registering on designated apps provided by insurers and making sure the records are logged on your wearable device.
📝 Health insurers settle 71% of Rs 1.2 Lakh crore claims in FY 24
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🏦 SEBI
Education loan provider Credila Financial Services files IPO papers with Sebi
Education loans-focused lender Credila Financial Services Ltd, formerly known as HDFC Credila Financial Services Ltd, has filed papers with markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route.
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🗎 Pension Funds/PF
EPS subscribers to access pension from any bank starting next month
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🗎 Mutual Funds / AMCs
Stick with diversified equity funds, avoid sectoral funds now: PPFAS Mutual Fund CIO Rajeev Thakkar
If investors have excessive allocation towards small- and mid-cap funds, it may be a good time for some reallocation towards large-cap funds. Rajeev Thakkar, chief investment officer, PPFAS Mutual Fund, in an interview to Saikat Neogi, advises investors to stick with diversified equity funds rather than trying to pick one or two sectors or themes for investments in the equity space. Excerpts:
Gold and silver ETFs: The new-age alchemists spinning wealth in 2024
📝 How mutual funds become a center stage for retirement planning
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🗎 Equities, Pvt. Equity / Hedge Funds
Venture Capital activity surges in 2024- 22% more deals, 14% jump in funding value
Venture capital (VC) investments in India have surged in 2024, reaching $16.77 billion across 888 deals from January to November, according to the India Brand Equity Foundation (IBEF). This represents a 14.1 per cent increase in funding value and a 21.8 per cent rise in deal volume compared to the same period in 2023.
FIIs accounted for 88% of private equity investments in Indian real estate sector in 2024: Savills report
New Delhi: Private equity investment inflows into the Indian real estate sector stood at USD 4.3 billion (Rs 356 billion approximately) during 2024, reflecting a 10 per cent increase year-on-year.
📝 Blackstone, Carlyle and other PEs submit bids to unlock Access' majority stake
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