Top Indian Insurance Industry News & Updates - 24 Feb 2026,Tuesday
🏭 Industry
Govt of India loses ₹1100 crore, LIC ₹340 crore as fraud-hit IDFC First Bank shares crash 20% in a day
The bank said it could make recoveries, including from linked accounts at other banks.
US insurance major The Hartford opens global tech centre in Hyderabad
Hyderabad: Telangana IT and Industries Minister D Sridhar Babu on Monday inaugurated the Global Technology Centre of US insurance major The Hartford here, marking the company's first-ever foray into India.
IFSCA to seek Centre nod for framework allowing insurance-linked securities
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🗎 Life Insurance
M&M, Manulife name Suresh Agarwal MD & CEO designate of life insurance JV
📝 Kotak Life’s Silver Salute Lights Mumbai Sea-Bridge
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🗎 General Insurance
📝 EV insurance: Avoid non-OEM chargers to prevent battery-cover exclusions
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🗎 Health Insurance
Star Health Insurance sees 50% increase in new policy demand post GST cut on health insurance
Chennai-based Star Health Insurance has seen a strong surge in demand post the removal of Goods and Service Tax (GST) for health insurance in September last year.
📝 Already insured but denied higher cover: Are top-ups and critical illness plans worth it?
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Insuretech
Hyderabad's Ethika Insurance wins international insurtech award -- Proof That India can redefine employee benefits for Asia
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🏦 SEBI
Over-disclosures as problematic as non-disclosures: SEBI WTM
When key risks of a company are buried in dense and vaguely-framed documents, over-disclosures can be as problematic as non-disclosures, the Securities and Exchange Board of India’s (Sebi) Whole-Time Member Amarjeet Singh said. “The gap (in information asymmetry) today is not about what is hidden, but also about what is effectively not heard.”
Why SEBI registered investment advisory is becoming a non-negotiable for smart investors
New Delhi: As India’s equity markets continue to attract a growing number of retail investors, the way people seek investment guidance is also changing. From social media stock tips to paid Telegram groups, advice is everywhere. Yet, alongside this explosion of information, cases of misinformation, fraud, and mis-selling have also increased. In this environment, choosing a sebi registered investment advisory is no longer just a preference. For many informed investors, working with a sebi registered advisory has become a basic requirement for protecting capital and maintaining long-term financial discipline. The shift from excitement to safety Earlier, many investors were driven by excitement. Fast gains, trending stocks, and viral success stories shaped decisions. Over time, reality has set in. Markets are volatile, and emotional decisions often lead to losses. Investors are now prioritising safety, structure, and accountability over speed.
India's economic surge to fuel demand for professional wealth management: SEBI Chairman
Mumbai (Maharashtra): Addressing the Portfolio Managers' Conclave in Mumbai, SEBI Chairman Tuhin Kanta Pandey on Monday painted a robust picture of the nation's financial trajectory, asserting that the country is set for a historic shift in wealth dynamics. He highlighted that "India remains among the fastest growing major economies," and emphasised that the nation "remains on the trajectory to becoming the world's third largest economy."
Sebi suspends senior officer; chairman signals zero tolerance on misconduct
Using AI for 'real-time tracking' of financial influencers giving illegal investment advice: SEBI Chief
Sebi plans overhaul of PMS regulations, flags need for stronger governance
📝 Sebi will look into stockbrokers’ concerns about RBI’s new funding norms, says chief
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🗎 Pension Funds/PF
Govt to auto credit ₹30.52 crore in 7.11 lakh inoperative EPFO accounts
New Delhi: In a major announcement, the Ministry of Labour and Employment on Monday said small balances lying in around 6 lakh “inoperative accounts” linked to the Employees’ Provident Fund Organisation (EPFO) will be refunded without any claims or paperwork.
At present, there are around 31 lakh inoperative EPFO accounts. Out of these, nearly six lakh accounts have Rs 1,000 or less deposits. For accounts that are linked with Aadhaar, the transfer will happen immediately. For others, the money will be sent in phases, it said.
EPFO brings back higher pension: Is your retirement payout about to jump?
Tax-free incomes in India: EPF, PPF, gratuity, bonds & more explained
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🗎 Mutual Funds / AMCs
MF industry AUM hits 32% of bank deposits
Mumbai: The assets under management (AUM) of the mutual fund industry has hit 32 per cent of the overall bank deposits in January on the back of relentless SIP campaign and banks themselves turning out to be one of the biggest distributors of MF products.
‘Gilt fund offers a strong tactical opportunity,’ Q&A with Vikas Garg, head- fixed income at Invesco Mutual Fund
Investors can take a tactical call on gilt funds due to attractive spreads, believes Vikas Garg, head- fixed income at Invesco Mutual Fund. He tells Christina Titus that the yield curve is expected to steepen further and 10-year benchmark yield to trade in the range of 6.60%–6.80%. Excerpts:
Aditya Birla Sun Life AMC launches BSE Top 10 Banks ETF
📝 ‘Managed funds industry’s AUM to rise to Rs 455L cr by 2030’
📝 Jio BlackRock changes tack, reaches out to mutual fund distributors
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🗎 Equities, Pvt. Equity / Hedge Funds
Why are private equity firms struggling to exit their China investments
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🗎 Govt Securities / Bonds
Centre announces re-issue of 6.48% G-Sec 2035 for ₹32,000 crore
The Government of India has announced the sale (re-issue) of its Government Security 6.48 per cent GS 2035 through an auction scheduled for Friday, February 27. The date of maturity is set on October 6, 2035 and the Centre has the right to retain additional subscription of ₹2,000 crore. The sale of securities helps the Centre’s ongoing market borrowing to fund funding requirements, while ensuring liquidity in the bond markets. Up to 5 per cent of the notified amount will be allotted to select eligible investors. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 09:00 a.m. up to 09:30 a.m.on February 27, 2026 (Friday) on the Reserve Bank of India Core Banking Solution (e-Kuber system).
https://www.thehindubusinessline.com/markets/centre-announces-re-issue-of-648-g-sec-2035-for-32000-crore/article70667636.ece
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✈ International News
PE dry spell now worse than 2008 crisis: Bain
Private equity returned fewer profits to investors for a fourth straight year as the industry sat on $3.8 trillion of unsold assets and struggled to raise money for new funds. Distributions as a percentage of net asset value remained at 14% last year — the second-lowest level since the depths of the 2008 financial crisis, according to a new report from Bain & Co. And the duration of the rut is even more severe than what private equity firms faced then.
Hedge funds that piled into US bitcoin funds are first to exit
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