Top Indian Insurance Industry News & Updates - 25 April 2025,Friday
🏭 Industry
India’s Insurance Awareness: Around 50 pc Indians Unaware of Term Plans, says a Survey
A recent survey has showed that nearly half of Indians are unaware of term insurance and its benefits, highlighting a significant gap in financial literacy. This lack of awareness persists even as the term insurance sector experienced an impressive 18% growth in FY24.
India's BFSI sector grows over 50 times in two decades, share of banks reduced due to NBFCs: Report
📝 Industry for insurance repository offering claim-related services
📝 Customised insurance in works for nuclear plants
📝 Three more Russian insurers seek India's approval to provide cover for oil tankers, sources say
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🗎 Life Insurance
How you can earn up to 15% returns from old life insurance policies
Running a life insurance plan requires a long-term commitment. When paying premiums becomes difficult, policyholders surrender their policies, ending their life cover. A couple of new-age insure-techs have found an alternative using an old provision: Section 38 of the Insurance Act, 1938.
Axis Max Life launches Bandhan 2.0 - an innovative augmented-reality based employee on boarding platform
New Delhi: Axis Max Life Insurance Ltd., formerly known as Max Life Insurance Company Ltd. ("Axis Max Life"/ "Company"), has launched Bandhan 2.0, an AI-enabled augmented reality platform. Integrating advanced technology with immersive brand storytelling, the platform features interactive gamification, virtual environments, and opportunities for direct engagement with the leadership during the orientation of the new hires.
SBI Life Insurance Q4 net marginally up 0.33% at ₹813.51 crore
📝 LIC eases claims process for Jammu & Kashmir terror attack victims
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🗎 General Insurance
Hike in health cover premiums driven by rising cost of medical services: Universal Sompo General Insurance MD & CEO Mathur
📝 Non-Life Insurers Close FY25 With 5% Growth
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🗎 Health Insurance
📝 Niva Bupa Health shares rise 2% after CEO reappointment gets IRDAI nod
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🏦 SEBI
📝 Sebi imposes Rs 10 lakh fine on Future Retail
📝 Sebi facilitates ease of doing biz for SM REITs; standardises disclosures in scheme offer document
📝 Sebi tweaks framework for ESG Rating Providers using subscriber-pays model
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🗎 Mutual Funds / AMCs
Equity mutual funds lag on risk-adjusted basis during five-year period
📝 Edelweiss Mutual Fund launches BSE Internet Economy Index Fund
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🗎 Equities, Pvt. Equity / Hedge Funds
GIC to invest ₹752 crore for 35% stake in five Samhi hotels
Singapore’s sovereign wealth fund GIC is investing ₹752 crore in three hotel-owning subsidiaries of Samhi Hotels, which together house Courtyard by Marriott and Fairfield Inn by Marriott at Bengaluru’s Outer Ring Road, Hyatt Regency in Pune, and its recently acquired Trinity hotel portfolio in Whitefield, Bengaluru.
Nomura sees rupee may slide to 84/$ by 2025 end, muted equity outlook
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🗎 Govt Securities / Bonds
FPIs sell ₹10,234 cr in debt mkt in April as yield spread hits 20-year low
📝 NTPC Green Energy to consider raising up to Rs 5,000 cr via bonds next week
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