Top Indian Insurance Industry News & Updates - 03 Feb 2026,Tuesday
🏭 Industry
ToR for banking panel likely by next month, says DFS secy M Nagaraju
Following the decision to allow 100 per cent foreign direct investment (FDI) in the insurance sector, companies from the US and Europe have shown keen interest in India, Department of Financial Services (DFS) SecretaryM Nagaraju tells Harsh Kumar in an interview in New Delhi. He also says that increasing the limit of FDI in public-sector banks (PSBs), potentially up to 49 per cent, is under consideration.
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📝 Union Budget 2026: Push for municipal bond issuances to strengthen urban finances
📝 Policybazaar parent PB Fintech to raise funds for inorganic growth
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🗎 Life Insurance
SBI Life Insurance registers New Business Premium of ₹31,326 crores for the period ended on 31st December, 2025
SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹31,326 crores for the period ended on 31st December, 2025 vis-a-vis ₹26,256 crores for the period ended 31st December, 2024. Regular premium has increased by 15% over the corresponding period ended on 31st December, 2024.
Bajaj Life Insurance launches ‘BSE 500 Quality 50 Index Fund’
Pune: Bajaj Life Insurance has announced the launch of its new fund offer (NFO), the Bajaj Life BSE 500 Quality 50 Index Fund, aimed at providing exposure to Indian companies with strong financial fundamentals and earnings quality. The fund will be available under the insurer’s unit-linked insurance plans (ULIPs) Bajaj Life Smart Wealth Goal, Bajaj Life Supreme and Bajaj Life Gain allowing policyholders to combine life cover with long-term wealth creation.
📝 Govt mulls stake sale in LIC via FPO in next financial year
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🗎 Health Insurance
Best Health Insurance Policy in India: How to Judge If the sum insured as actually usable
Mumbai: Rising medical costs mean that a single hospital stay can disturb a family budget, even when a policy shows a large sum insured on paper. Many people search online for the best health insurance policy in India without checking how much of that cover will be paid at claim time. This blog explains the key features that decide whether a sum insured is truly usable, so readers can assess policies with more clarity.
How to make health insurance the best deal for your family
Source Credit: ANI, The Tribune
New Delhi: Choosing the right health cover is one of the most important financial decisions for a household. With rising medical costs and changing healthcare needs, families must look beyond low premiums alone.
Budget proposals for Health sector to benefit health insurers in terms of claim ratios and pricing, says Star Health CFO
The Union Budget 2026–27 has accorded utmost importance to the health sector by enhancing budgetary allocations, proposing major initiatives and programmes, and exempting basic customs duty on cancer drugs. How would non-life insurance companies benefit from these measures?
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Insuretech
📝 PB Fintech’s Yashish Dahiya spots new insurance business opening via MGA
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🗎 Pension Funds/PF
PF exemptions to now align in full with EPFO rules
https://economictimes.indiatimes.com/news/economy/policy/pf-exemptions-to-now-align-in-full-with-epfo-rules/articleshow/127870533.cms
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🗎 Mutual Funds / AMCs
Understanding mutual funds as a structured investment option
Source Credit: PTI, The Tribune
How to earn mutual fund-like growth with savings account flexibility
Source Credit: ANI, The Tribune
New Delhi: When it comes to managing personal finances, many people face a familiar dilemma of the safety and convenience of a Savings Account versus the higher returns of Mutual Funds. Traditionally, Savings Accounts have been seen as secure but modest in growth, while Mutual Funds offer better returns but require active management and carry certain risks. What if you could combine the best of both worlds? Imagine enjoying a Mutual Fund, like growth, while retaining the flexibility and liquidity of a Savings Account. That is exactly what innovative financial solutions are now making possible.
‘Foreign outflow doesn’t mean negative India fundamentals’: Harish Krishnan, Chief Investment Officer - Equity at Aditya Birla Sun Life AMC Ltd.
Union Budget 2026-27: Strengthening India's long-term growth engines
The Union Budget, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, can be read as a carefully sequenced policy statement — one that clearly sets the tone for the Indian economy’s priorities in the year ahead. Rather than relying on short-term stimulus measures, the Budget places emphasis on durable growth drivers and long-term structural enablers. At a macro level, its most notable strength lies in the reaffirmation of a sustained growth agenda without compromising fiscal discipline. This balance between supporting economic momentum and preserving macroeconomic stability enhances policy credibility and provides greater confidence to investors and markets alike.
📝 Arbitrage MF returns to face the squeeze with rise in STT
📝 Mirae Asset Mutual Fund partners with Cybrilla to simplify investing through ONDC Network
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🗎 Equities, Pvt. Equity / Hedge Funds
PE-VC investments drop nearly 3x in January even as deal volumes stay flat
Despite almost similar number of deals, Private Equity-Venture Capital (PE-VC) investments dropped nearly 3x year-on-year in terms of value in January 2026. The value of PE-VC investments in January 2026 stood at $1.49 billion across 104 deals as against $3.99 billion investments across 105 deals in January of 2024, as per data from Venture Intelligence.
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🗎 Govt Securities / Bonds
Budget announcement impact: Bond yields rise to one-year high on govt’s borrowing
The Indian government bond yields surged to one-year high on Monday as the market reacted negatively to the higher-than-expected gross borrowing by the government in 2026-27. The yield on the 10-year benchmark bond ended at 6.77%, up 7 basis points (bps) from the previous close.
G-Sec yields hit one-year high after FY27 borrowing target; rupee recovers on RBI action
Mumbai: Yields of Government Securities (G-Sec) hardened on Monday as the Union Budget for FY27 proposed a higher Government borrowing programme. However, the rupee recovered lost ground after reports of RBI intervention in the forex market. The Union Budget for FY27, announced on February 1 (Sunday), has pegged the Government’s gross market borrowing higher at ₹17.2 lakh crore, up from ₹14.8 lakh crore in FY26.
📝 SGBs plunge 10% on NSE after Budget 2026 ends capital gains tax exemption from April 1
📝 India bonds sell off on government's record borrowing plan
📝 Govt borrowings lift yields, regain brings some respite
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✈ International News
📝 European bond yields steady as metals rout grips markets
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