Top Indian Insurance Industry News & Updates - 17 March 2026,Tuesday
🏭 Industry
No clear evidence linking medical inflation to insurance premium hikes: IRDAI
Double-digit medical inflation has long been cited by insurance companies as the primary justification for hiking health insurance premiums, but the Insurance Regulatory and Development Authority of India (IRDAI) has maintained that there is insufficient evidence to establish a direct correlation between the two.
📝 Indian insurers quiz firms on AI usage to gauge tech risks
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🗎 General Insurance
Bajaj General Insurance launches 'Eco Assure' for Commercial Vehicles, enabling cost-efficient and reliable repair coverage
Pune: Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited), one of India's leading private general insurers, today announced the launch of Eco Assure for Commercial Vehicles, a new add-on cover designed to help commercial vehicle owners manage repair costs more efficiently while ensuring their vehicles remain operational with minimal disruption.
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🗎 Health Insurance
Kerala approves universal health cover for uninsured families: Details here
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🏦 SEBI
India’s market regulator SEBI eases settlement guarantee fund norms for commodity exchanges
Sebi outlines measures to boost investment advisory ecosystem: Pandey
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🗎 Pension Funds/PF
Old Pension Scheme: 69 lakh central govt pensioners under OPS, only about 50,000 under NPS — Centre explains stance
Many employee unions across the country have been demanding the restoration of the Old Pension Scheme (OPS) for several years now. The issue has repeatedly surfaced in Parliament as well, with many arguing that the National Pension System (NPS), which replaced the OPS over two decades back, exposes employees to market risks.
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🗎 Mutual Funds / AMCs
Sebi sets up working group to review overlap between MF distributors and RIAs
The Securities and Exchange Board of India (Sebi) has set up a working group to review overlaps in regulations governing mutual fund distributors (MFDs) and registered investment advisers (RIAs), as the regulator looks to streamline rules in the fast-growing advisory ecosystem.
MFs pump funds into private lenders in Feb; pare exposure to SBI
Mutual funds (MFs) continued to raise exposure to private sector banking stocks in February, extending the buying trend seen in the previous month. HDFC Bank garnered the highest net inflows for the second consecutive month in February as fund managers deployed around Rs 7,000 crore in the private lender last month, shows an analysis by Prime MF Database.
Kotak Mahindra Mutual Fund acquires stake in this recently listed healthcare stock
Kotak Mahindra Mutual Fund (KMMF) has acquired an additional 175,164 shares in Park Medi World Limited, increasing its total stake to 5.0393% and surpassing the crucial 5% ownership mark.
HSBC MF launches maiden gold ETF, FoF to tap demand for safe-haven assets
HSBC Mutual Fund has launched its first exchange-traded fund (ETF) products in India, introducing two gold-based investment options aimed at investors looking to diversify portfolios and hedge against market volatility.
FPIs still bullish long term, but geopolitics clouds near-term outlook: Nitin Jain
Foreign portfolio investors are not turning bearish on India, they are simply turning cautious as geopolitical tensions and volatile crude prices cloud near-term visibility, said Nitin Jain, chief executive and director, Kotak Mahindra Asset Management Singapore.
‘Sell if you are overweight on equities and buy if underweight, follow the Dharma of asset allocation,’ says Nilesh Shah
As markets have taken a beating amid the rising global uncertainty following the war between US-Israel and Iran, investors have once again witnessed a severe impact on their equity investments. As there is no clarity right now as to how long this may continue, Nilesh Shah, managing director, Kotak Mahindra AMC, said in an interview with Sandeep Singh that these are times to remain equity neutral and not overweight, and even called for investors who are overweight equity to redeem.
SIP inflows rise 15% to ₹29,845 crore in February despite market volatility
📝 Fixed income investments look attractive amid market volatility, says Basant Bafna
📝 Heightened market volatility notwithstanding, SIP contributions witness steady growth: ICRA Analytics
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Multiples settles Sebi case over AIF tenure
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🗎 Govt Securities / Bonds
Indian bonds end lower under pressure from oil, RBI absence
Indian government debt weakened for a third day on Monday as oil prices stayed elevated, amplifying inflation worries and pressure on the rupee, while the Reserve Bank of India unnerved traders by holding back from more debt-buying. The benchmark 6.48% 2035 bond yield shut at 6.7059%, compared with 6.6798% on Friday. Bond yields move inversely to prices.
📝 Union Bank to raise up to ₹20,000 crore via long-term bonds
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