Top Indian Insurance Industry News & Updates - 26 April 2025,Saturday
🏭 Industry
Mphasis Q4FY25 net profit jumps 13.6% y-o-y; banking, insurance and TMT lead growth
ESIC adds 15.43 lakh new members in February 2025; nearly 48 pc aged 25 or below
New Delhi: The Employees’ State Insurance Corporation (ESIC) added 15.43 lakh new members in February 2025, according to the latest payroll data released on Friday.
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🗎 Life Insurance
SBI Life Insurance soars as much as 9% in falling market: Here’s why…
SBI Life Insurance shares soared over 9% in early trade on Friday after the company’s Q4 results were released post-market hours on Thursday. The stock touched a high of Rs 1,762, catching the market’s eye as investors responded positively to the insurer’s performance and outlook.
SBI Life Insurance registers new business premium of Rs. 35,577 crores for the year ended on 31st March, 2025
Mumbai: SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of Rs. 35,577 crores for the year ended on 31st March, 2025 vis-a-vis Rs. 38,238 crores for the year ended March 31, 2024. Regular premium has increased by 11% over previous year ended on 31st March, 2024.
Pahalgam terror attack: LIC to expedite claim settlement for families of victims
In a bid to provide financial relief to the families of victims in the Pahalgam terror attack, Life Insurance Corporation of India (LIC) has announced it will expedite claim settlements for claimants.
Growth in number of life insurance policies sold falls steeply in FY25
Pahalgam attack: HDFC Life simplifies death claim settlements process
📝 Axis Bank Deputy MD Rajiv Anand to retire in August 2025, will remain with Axis Max Life Insurance
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🗎 General Insurance
NewGen opts for disease-specific health cover; diabetes plans top the charts
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🗎 Pension Funds/PF
PF transfers made easy: EPFO removes employer nod in most cases to simplify process
Retirement fund body EPFO has simplified the process of transferring PF accounts after a job change by removing the requirement of seeking an approval from an employer in most cases, an official statement said on Friday.
EPFO simplifies process of transferring PF account on change of jobs
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🗎 Mutual Funds / AMCs
📝 Geopolitical tensions, trade war fear drove mutual fund redemptions higher: ICRA Analytics
📝 Mutual funds best choice for retail investment but avoid thematic funds: BSE chief
📝 Canara Robeco files draft papers with Sebi for IPO. Issue to be OFS
📝 Nippon India launches two new index funds targeting low volatility and quality stocks amid market uncertainty
📝 Ather Energy raises Rs 1,340 crore via anchor book; marquee investors include SBI MF, Franklin Templeton, Abu Dhabi Invst
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Kotak Equities downgrades SBI Cards to‘add’, increases target price after 19% YoY decline in PAT
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🗎 Govt Securities / Bonds
RBI bonds perfect for risk-averse investors
With banks reducing deposit rates, investing in RBI Floating Rate Savings Bonds is an ideal alternative, especially for senior citizens who depend on stable, regular income. The bonds carry sovereign backing and are currently offering an attractive yield of 8.05%, significantly higher than most senior citizen bank fixed deposits.
📝 RBI to auction new 10-year benchmark bond next week
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