Top Indian Insurance Industry News & Updates - 02 March 2026,Monday

🏭 Industry

War in West Asia: As ships halt Hormuz transits, why insurers are rushing to cancel war risk covers
Global shipping lines have suspended vessel movements through the Strait of Hormuz, while war risk insurance firms acted quickly to issue cancellation notices for ships operating in the Middle East, signalling a sharp escalation in maritime risk after the US and Israel launched strikes on Iran, insurance circles said.
Iran conflict to push freight, insurance costs up: Indian exporters
 
Sebi presses banks, regulators for stricter insider trading enforcement
 
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🗎 Life Insurance

HC orders probe into forged life insurance policies, directs arrest of private firm official for failing to appear in court
The Allahabad High Court has directed the Risk Management Committee Unit (RMCU) in New Delhi to conduct an inquiry into alleged forged policies issued to a person in Moradabad, who is on the deathbed, and the role of officials of a private life insurance company.
ICICI Bank’s Board clears purchase of up to 2% additional shareholding in ICICI Pru Life
ICICI Bank’s Board of Directors has approved purchase of up to 2 per cent additional shareholding in its subsidiary, ICICI Prudential Life Insurance Company Ltd.
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🗎 General Insurance

GIC Re to withdraw marine hull war risk cover in high-risk regions
 
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🏦 SEBI

‘Spring cleaning has to be done from time to time’: Tuhin Kanta Pandey
When Tuhin Kanta Pandey took over at the Securities and Exchange Board of India (Sebi), the regulator was grappling with internal unease and heightened external scrutiny. A year on, he speaks to Anjana Theresa Antony and Joydeep Ghosh about restoring trust, tightening oversight, expanding Sebi’s footprint across India, and preparing markets for the next wave of technological disruption.

Excerpts:
SEBI has removed all key hurdles for FPIs: Tuhin Kanta Pandey
The Securities and Exchange Board of India (Sebi) has addressed several issues that foreign portfolio investors (FPIs) had perceived as impediments over the past year, chairman Tuhin Kanta Pandey said.
SEBI not in favour of SME IPO curbs that may ‘scare’ away issuers
Mumbai: The Securities and Exchange Board of India (SEBI) chairman, Tuhin Kanta Pandey, feels that the scope for further tightening of rules governing SME initial public offerings may be limited for now, as it aims to balance investor protection with encouraging smaller enterprises to continue accessing the capital markets.
Providing optimum regulation is our goal: Sebi chief
In his first year at the helm of Sebi, chairman Tuhin Kanta Pandey focused on restoring confidence in the regulator while pushing reforms in technology, market development and investor protection. From here on, he wants to focus on tackling mis-selling, using AI to fight fraud, deepening India’s bond markets, and making India more attractive to foreign investors.
Believe in neither overregulation nor underregulation: Sebi chief
 
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🗎 Pension Funds/PF

EPFO panel clears new SOP for exempted establishments, CBT to take call
The Employees’ Provident Fund Organisation’s (EPFO) Exempted Establishment Committee (EEC) has approved a new standard operating procedure (SOP) on exempted establishments, according to people aware of the development.
EPFO gets nod to take part in DMEDL’s buyback offer
New Delhi : The investment committee of the Employees Provident Fund Organisation (EPFO) in its meeting last month has approved the proposal to participate in the fourth round of voluntary buyback offer for non-convertible debentures (NCDs) issued by the Delhi Mumbai Expressway Development Limited (DMEDL).
 
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🗎 Mutual Funds / AMCs

Use lifecycle funds separately for planning bigger expenses
The Securities and Exchange Board of India’s (Sebi) decision to launch a new category of funds – lifecycle funds – is expected to simplify investments according to investor objectives. Since the basic idea is to provide a goal-based scheme, investors can use to plan significant expenditures in the future.
What new MF classifications mean for you
The Securities and Exchange Board (Sebi) has, in a circular, revamped framework for classification of mutual fund schemes, introducing a new life cycle funds category and scrapping the existing solution-oriented schemes segment with a view to ensuring “true-to-label” positioning of the schemes, curbing exaggerated return claims and enhancing uniformity and investor protection.
How mutual funds played asset classes
The Indian mutual fund industry’s assets under management (AUM) grew 20 per cent year-on-year to ₹80.8 lakh crore as of January 31, 2026, from ₹67.3 lakh crore a year earlier. The expansion was powered largely by robust net inflows of ₹9.4 lakh crore across categories. Equity schemes led with ₹3.7 lakh crore of net inflows, followed by debt funds at ₹1.9 lakh crore and hybrid funds at ₹1.7 lakh crore. Against this backdrop, portfolio holdings across asset classes witnessed meaningful shifts. Our analysis compares month-end disclosures between January 2025 and January 2026 to assess how allocation preferences evolved.
Mutual Funds get new avatars: How sebi rejig benefits investors
Sebi has issued a sweeping recategorisation of mutual fund schemes, reshaping how equity, debt, and hybrid funds are structured and managed. The overhaul, which replaces the framework in place since 2017, introduces new categories, retires some existing ones, and changes investment rules across schemes. Here’s a look at the implications for fund houses and investors.
ICICI Pru MF to stop fresh inflows in 3 overseas funds
 
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🗎 Equities, Pvt. Equity / Hedge Funds

Two strategies to help women invest better in equities
Source Credit: Mrin Agarwal, Deccan Herald
PE firms up SaaS buyouts as AI resets valuations & biz models
Bengaluru : Private equity firms are accelerating control deals in the software-as-a-service space, taking a potential bet on artificial intelligence (AI)-led shakeout of the industry driving down valuations and creating a buyer’s market for profitable companies. Over the past year, multiple midto-late stage SaaS companies have seen majority stake purchases by private equity or have consolidated internally in what is a shift from the typical venture-led growth rounds from a few years ago.
 
📝  Foreign equity flows up 16.9% in October-December
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✈ International News

Strait of Hormuz crisis: Insurers cancel policies, raise war risk premiums on ships after Israel strikes on Iran-Report
Insurers have moved to cancel policies and sharply raise premiums for vessels travelling through the Gulf and the Strait of Hormuz following the US and Israeli attacks on Iran, according to a report.
Hedge Funds, Banks Forced Into Contingency Mode in the UAE
As missiles and drones flew over the United Arab Emirates, traders and Wall Street executives who’ve flocked to the Gulf in recent years found themselves confronting a threat few expected to materialize in a country that had pitched itself as the region’s safest hub.
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