Top Indian Insurance Industry News & Updates - 21 Jan 2026,Wednesday
🏭 Industry
Insurers seek higher exemptions, tax parity on annuities in Budget
Life and health insurers expect the government to raise the income tax exemption limit on life and health premium payments and align the tax treatment of insurance annuities with other pension products in the Budget. These measures would help boost insurance penetration, channel long-term savings into annuity and retirement products, and encourage wider adoption of preventive care, industry players said.
India's insurance reforms mark a fundamental structural advance
Budget 2026-27: Insurance industry bats for income tax relief for premiums
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🗎 Life Insurance
Axis Max Life extends term plan to students; expands early-age protection to secure India's young adults
Source Credit: PTI, The Tribune
New Delhi: Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited (“Axis Max Life”/ “Company”), has extended its Smart Term Plan Plus (UIN: 104N127V04), to students. This Term Plan enables young adults pursuing higher education to secure a life cover of up to INR 2 Crore, far exceeding the nominal limits usually available to non-earning individuals.
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🗎 General Insurance
Kill switch, insurance as tools to fight digital arrest
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🏦 SEBI
PhonePe gets SEBI nod for IPO
Walmart-owned PhonePe has received approval from the Securities and Exchange Board of India (Sebi) to go ahead with its IPO, sources close to the matter said. The company, which had confidentially filed its IPO papers in September, will be filing an updated Draft Red Herring Prospectus soon.
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🗎 Pension Funds/PF
New portal, software, AI-powered translation: EPFO 3.0 coming soon
📝 EPFO's equity market exposure reaches 10%
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🗎 Mutual Funds / AMCs
Why NJ mutual fund has struggled to scale despite the backing of one of India’s largest distributors
With India’s second-largest mutual fund distributor as its parent, NJ Mutual Fund had a readymade launchpad that most entrants only dream of. Yet, more than four years after its debut, the fund house has managed to collect assets of just ₹7,119 crore. While not an insignificant sum on paper, the picture changes when stacked against how peers have fared.
Tax sops, restoring indexation among Amfi budget wish list
The Association of Mutual Funds in India (Amfi) has sought restoration of indexation for debt funds and granting capital gains tax exemptions for holding equity-oriented schemes for long-term in the Budget. It has submitted a total of 27 recommendations to the government.
What is NAV in Mutual Funds?
A commonly misunderstood aspect of mutual fund investing is the Net Asset Value (NAV).
Budget 2026 likely to be a non-event for the markets: Jio BlackRock AMC CIO
Budget 2026-27: Mutual fund industry seeks capital gains relief
📝 No-transaction day likely for mutual funds as stock markets open on Budget Sunday: Deepak Shenoy
📝 Jio BlackRock to launch series of new mutual funds, enter GIFT City, gets Sebi nod for SIF
📝 Jio BlackRock Mutual Fund crosses 10 lakh investor base, 18% first timers
📝 AMFI unveils 27 demands for Budget 2026, seeks separate ELSS deduction under new tax regime
📝 WhiteOak Capital Mutual Fund launches consumption opportunities fund
📝 Samco Mutual Fund launches India’s first actively managed momentum-based mid-cap fund
📝 Resilience in volatile market and strong track record keep flexi cap mutual funds in focus: ICRA Analytics
📝 ‘One manager, 5 platforms’: Radhika Gupta outlines Edelweiss MF’s full investment bouquet
📝 EAAA India Alternatives files Rs 1,500-cr IPO papers with Sebi
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🗎 Equities, Pvt. Equity / Hedge Funds
Retail investors getting modest returns from equity holdings: Report
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🗎 Govt Securities / Bonds
RBI needs to ramp up bond purchases to cool yields, funds say
RBI will need to pump significantly more liquidity into the banking system, as four interest-rate cuts and record debt purchases have yet to ease elevated yields, market participants said. The Reserve Bank of India is expected to buy as much as 5 trillion rupees ($55 billion) of bonds between now and the end of March 2027, according to Aditya Birla Sun Life AMC Ltd. Nomura Holdings Inc. estimates purchases of about 2.5 trillion rupees in the year starting April 1, while PGIM India Asset Management Ltd. expects purchases of as much as 2 trillion rupees in the coming months.
📝 Banks go slow on low-yield lending
📝 India bonds rise on bargain buying, state debt sale eyed
📝 Budget 2026: The arithmetic that will decide India’s bond market
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✈ International News
📝 Japan bond yields surge to records as election stokes fiscal concerns; stocks and yen fall
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