Top Indian Insurance Industry News & Updates - 28 April 2025,Monday
🏭 Industry
Finance Ministry to bring Insurance bill in Parliament during monsoon session
The Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may be introduced in Parliament in the upcoming monsoon session, sources said.
Goods kept in cold store are not bailment, insurer must honour claims
Sai Balaji Cold Storage India provided services to 136 farmers to store their agricultural produce in its facilities. These farmers had borrowed money from banks by hypothecating the stored goods, with the cold storage company standing guarantor for the loans. The arrangement was governed by a tripartite agreement, which contained a specific clause requiring the bank to ensure that an insurance policy was taken to cover the goods stored and the cold storage building, plant and machinery.
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🗎 Life Insurance
Shift in product mix will continue in FY26: SBI Life Insurance MD & CEO
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🗎 General Insurance
Transforming India’s agricultural insurance for a resilient future
The agricultural sector and its related industries continue to be the fundamental foundation of the Indian economy, providing numerous possibilities for employment. This sector contributes considerably to the country’s GDP and has a direct impact on food security, as well as supporting livelihoods and economic growth.
Cholamandalam MS posts ₹8,328 cr gross premium in FY25
📝 Too hot to work? Insurance can now compensate for income loss
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🗎 Health Insurance
How to make health insurance healthy: Curb frauds with healthcare regulator
On July 16 last year, a private hospital at Patran in Patiala, Punjab, sought authorisation from a large health insurance company for cashless treatment of a patient admitted for dengue fever with thrombocytopenia, a condition that occurs when the platelet count in one's blood is too low. The amount involved was Rs 1.28 lakh.
Transparency and awareness are crucial to avoid health insurance claim rejections: Experts
📝 ICICI Lombard to up health biz investments, look at buyouts
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🗎 Pension Funds/PF
EPFO hands over appointment letters to 976 recruits at 15th Rozgar Mela
Retirement fund body EPFO on Saturday said that it handed over appointment letters to 976 new recruits at the 15th Rozgar Mela on Saturday. The Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, participated in the 15th edition of the Rozgar Mela held on Saturday across 47 locations nationwide, a labour ministry statement said.
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🗎 Mutual Funds / AMCs
ICICI Prudential All-Season Bond Fund: Navigating rate cycles with model-driven strategy
Debt mutual fund investors have enjoyed good returns over the past 18–20 months, especially from higher duration strategies. In the last one year, the long duration funds, gilt funds with a 10-year constant duration, and dynamic bond funds posted returns of 13 per cent, 12 per cent, and 11 per cent respectively.
Equity returns are in a phase of normalisation: Tata MF's Rahul Singh
📝 Hybrid mutual fund schemes' inflow moderates in FY25; number of investors, AUM soar
📝 Mutual fund SIPs help in building wealth: Myth or reality?
📝 Canara Bank to mobilise around Rs 500 crore via Canara Robeco IPO
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs extend investment in Indian equities, inject Rs 17,425 cr in a week
📝 FIIs buy Indian equities worth Rs 32,466 crore in just 8 sessions, narrow April losses. What’s cooking?
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🗎 Govt Securities / Bonds
Long-duration bonds are back
With interest rates falling and economic signals aligning just right, long-duration mutual funds are looking like the smart, strategic play. One of the golden rules of fixed income is simple: when interest rates fall, bond prices rise. But here is the nuance—longer-duration bonds benefit more from this trend than shorter ones.
Bond forwards may boost demand for 10-year to 15-year state bonds
📝 For your PSUs only! Bond market's cheapest in 3 years
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