Top Indian Insurance Industry News & Updates - 12 July 2023,Wednesday

🏭 Industry

📝  Siphoned off policyholder funds: Supreme Court on Sahara India Life
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🗎 Life Insurance

📝  TATA AIA Life Insurance launches fund focused on small caps
📝  A new term life insurance policy for diabetics: High premium but much-needed financial security, should you buy?
📝  Life insurance stocks up on decent growth prospects in first quarter
📝  Max Life, DCB Bank join hands to offer insurance products
📝  Life insurers new business rose more than 18% in June
📝  Life insurance sector needs to maintain growth momentum
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🗎 General Insurance

📝  Motor Vehicle Insurance: Fortify with add-ons this monsoon
📝  Odisha train mishap: 30% takers, 4% claims for world's cheapest travel plan
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🏦 SEBI

📝  Supreme Court asks SEBI why law was tweaked to remove provisions prohibiting opacity in FPI ownership
📝  Sebi issues Rs 6-cr demand notices to 11 in Religare Finvest case
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🗎 Pension Funds/PF

📝  PPF vs. FD Scheme: Where to invest for higher returns? Know here
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🗎 Mutual Funds / AMCs

📝  Quant Mutual Fund files draft for Quant Retirement Fund
📝  Focused funds offer 7.79% in first half of 2023; Bandhan Focused Equity Fund offers 12.72%
📝  Samco Active Momentum Fund collects ₹409 crore
📝  Kotak MF to launch machine based fund on 12 Jul
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  FPIs from Mauritius under taxman’s lens
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🗎 Govt Securities / Bonds

📝  SBI to sell up to Rs 10,000 crore of AT-1 bonds this week
📝  India bond yields track US 10-yr yield lower; inflation data in focus
📝  Rupee and bonds rebound on hopes Fed nearing end to hikes
📝  Adani Enterprises raises Rs 1,250 cr through NCDs
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✈ International News

📝  HCA Healthcare says data breach may affect 11 mn patients in 20 states
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