Top Indian Insurance Industry News & Updates - 11 April 2026,Saturday
🏭 Industry
No policy details without ID: Delhi High Court backs LIC in RTI case
New Delhi: The Delhi High Court has observed that insurance details cannot be disclosed merely on the basis of a general request without providing basic identifying information, noting that it would be practically impossible for Life Insurance Corporation (LIC) to trace policies in such cases. The Court clarified in simple terms that while an insured person has the right to seek details of their policies, they must furnish minimum personal particulars to enable the retrieval of records.
West Asia conflict drives surge in NRI term insurance purchases from India, 35% m-o-m surge: Report
New Delhi: Purchases of term insurance by Non-Resident Indians (NRIs) from India have doubled over the past two years, driven largely by younger buyers, according to a report by Policybazaar.
Policybazaar and Tata AIA Reimagine Retirement with Stability and Market-Linked Returns
Gurugram: Bringing a unique blend of stability and market-linked growth to retirement planning, Tata AIA today launched Shubh Flexi Pension plan in association with Policybazaar. The plan is a variable annuity solution that seeks to reframe how Indians approach retirement planning by combining predictability with participation in market growth.
$100 mn marine insurance pool on cards for vessels sailing via war zones
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🗎 Life Insurance
Axis Max Life ranks #1 in customer experience amongst Life Insurers in India: Hansa Research’s Life Insurance CuES 2026
New Delhi: Axis Max Life Insurance Limited (“Axis Max Life” / “Company”), formerly known as Max Life Insurance Company Limited, has secured the top position in the Hansa Research Customer Experience Study (CuES) 2026, ranking #1 among Indian life insurers with a Net Promoter Score (NPS) of 61. Conducted by Hansa Research, a full-service global market research agency conducting research in over 100 countries, the study captures insights from over 3,500 customers across 12 life insurers and measures performance in customer satisfaction and trust, as customers demand more personalized and proactive engagement.
Kotak Life Recognised among India's top life insurers for customer experience
Mumbai- Kotak Mahindra Life Insurance Company Ltd. (Kotak Life) has ranked 2nd among India's life insurance companies for customer experience in the Hansa Research Life Insurance Customer Experience Study (CuES) 2026. The Company recorded a strong Net Promoter Score of 60, reflecting high levels of customer trust, loyalty and advocacy.
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🗎 General Insurance
Rajive Kumaraswami to be MD and CEO of Chola MS General Insurance
The Board of Directors of Cholamandalam MS General Insurance (Chola MS) has appointed Rajive Kumaraswami as Managing Director Designate with effect from April 22, 2026.
A cover that helps absorb the shock of the pink slip
Job loss cover is a specialised insurance benefit that provides financial assistance in case of involuntary unemployment. This covers instances of job loss due to reasons beyond your control, such as mergers, acquisitions, cost-cutting, or closure of operations. It also covers situations where illness or injury prevents you from working.
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🗎 Health Insurance
Standalone health insurers' market share increases to 13.6% in FY26
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🏦 SEBI
SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore
The Securities and Exchange Board of India (SEBI) has uncovered a case where a stock broking licence was allegedly used as a front to run a Ponzi-like scheme promising assured monthly returns of 10–12 per cent; the regulator has imposed a ₹1 crore penalty on Trdez Investment Pvt Ltd.
SEBI launches three new IT platforms to transform regulatory landscape
New Delhi: In a bid to boost ease of doing business and strengthen cybersecurity oversight, Securities and Exchange Board of India (SEBI) Chairman launched three Information Technology platforms on March 24, the regulatory body said in a press release on Friday.
AIFs hold ₹180 crore despite exit plans, to gain from Sebi closure norms
Sebi bars 30+ entities in RRP Semiconductor case after 725x surge
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🗎 Pension Funds/PF
Pension fund managers: Why consistency and risk matter in your choice
Source Credit: Sanjay Kumar Singh/Karthik Jerome, Business Standard
New Delhi: Currently 10 pension fund managers manage the funds of subscribers in the National Pension System (NPS). Another one, PPFAS Asset Management, has received approval to begin operations soon, which will take the number up to 11. Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.
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🗎 Mutual Funds / AMCs
SIP inflows hit record high in March despite market turbulence
Mumbai: Record inflows through systematic investment plans last month have pushed the overall equity investments to an eight-month high in March despite markets wobbling amidst the West Asia war.
Prudent Asset launches MF Bharat - A Mutual Fund investment platform
Mumbai: Prudent (formerly Prudent Asset India Pvt Ltd), a leading name in mutual fund distribution and wealth management, proudly announces the launch of MF Bharat, a dedicated mutual fund investment application aimed at democratizing investing across India.
MF equity inflows jump 56% as investors pump-in more money
Mumbai: Inflows into equity mutual fund schemes increased 56 per cent in March to ₹40,450 crore against ₹25,978 crore logged in February as investors used the sharp fall in market valuation to pump in more money.
₹2.95 lakh cr outflow: Why debt mutual funds saw a sharp March 2026 exit
AMC stocks rise up to 5% on record MF inflows; HDFC AMC, Nippon top picks
Mutual fund industry grows 13% in FY26 even as March selloff wipes out Rs 8 lakh crore
📝 Axis Mutual Fund launches defence index fund; NFO opens 10 April
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Cerberus Capital's Indranil Ghosh quits to join Apollo Global
📝 ASK Property Fund exits Trevoc’s residential project in Gurugram
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🗎 Govt Securities / Bonds
Bond market softens as RBI to withdraw cash in first move this year
India’s sovereign bond yields rose after the central bank announced its first step this year to drain cash from the banking system, as it seeks to push up overnight borrowing costs to its policy rate.
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