Top Indian Insurance Industry News & Updates - 16 April 2025,Wednesday

🗎 Life Insurance

📝  ICICI Prudential Life Insurance Q4 results: PAT jumps 122% YoY to Rs 385 crore, Co declares final dividend
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🗎 General Insurance

ICICI Lombard General Insurance Q4 net falls 1.9% on muted growth in gross premium
 
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🗎 Health Insurance

Healthcare for all: Don’t rely on insurance alone
For many who’ve had the misfortune of having to invoke health-insurance coverage, the difficulty of it is what stays embedded in memory. Don’t get us wrong. The concept, in itself, is excellent. But the process of getting claims met and the suspense over what part may have to be paid from one’s own pocket are sources of anxiety in need of relief, especially when it adds to the distress of a medical crisis in the family. 
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🏦 SEBI

Sebi puts Gensol’s stock split on hold
The Securities and Exchange Board of India (Sebi) will assign a forensic auditor to examine the accounts of Gensol Engineering and its related parties and has restricted Anmol Singh Jaggi and Puneet Singh Jaggi to hold the position of a director or key managerial personnel in the company after finding violations of corporate governance norms and fund diversion by promoter entities, an interim order said.
📝  Sebi bars Gensol promoters from securities market
📝  SEBI reviewing regulation restricting business activities of AMCs
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🗎 Pension Funds/PF

Guaranteed pension scheme makes a modest start
The Unified Pension Scheme (UPS), which was opened for switching from the market-linked National Pension System (NPS) on April 1, has made a tepid start even though pension at 50% of the last 12 months’ average pay is guaranteed.
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🗎 Mutual Funds / AMCs

Top-Rated SBI Mutual Funds: 5 Best Schemes With Strong 10-Year Returns
When you think of investing in mutual funds, the first question that comes to mind is — which fund to choose? In such a situation, the rating of the fund comes as an important indicator. A good rating not only tells how the fund has performed so far, but also shows how stable the fund has been amid market fluctuations. Especially if you are investing in mutual funds for the first time, relying on top-rated funds can be a wise move. In this write-up, we will pick five top-rated schemes from SBI Mutual Fund and review their past 10-year performance. But before moving ahead, let’s discuss other key factors that need to be considered while selecting a plan.
Restrictive MF rules under Sebi review
The Securities & Exchange Board of India (Sebi) is reviewing restrictive rules for asset management companies under Clause 24(B), which prevents them from undertaking any business activities other than management and advisory services provided to pooled assets, executive director Manoj Kumar said on Tuesday.
Competition hots up as PMS, AIFs queue up to enter MF biz
The competition in the mutual fund space is set to intensify with Alternative Investment Funds (AIF), Portfolio Management Services (PMS) and wealth management firms lining up to enter this lucrative business.
📝  Axis Mutual Fund joins ONDC network to expand access to mutual fund investments
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Equities more attractive than bonds; bullish on these 3 pockets: Dikshit Mittal
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🗎 Govt Securities / Bonds

Indian govt bond prices hit three-year high as RBI announces liquidity infusion plan
Indian government bond prices jumped to over three-year highs on Tuesday, led by short-end gains after the Reserve Bank of India announced yet another liquidity injection.
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