Top Indian Insurance Industry News & Updates - 19 July 2023,Wednesday
🏭 Industry
📝 North India floods July 2023: Irdai urges insurers to settle flood-related insurance claims on fast track basis
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🗎 Life Insurance
📝 ICICI Pru Life Q1 Results: Net profit rises 33% YoY to Rs 207 crore
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🗎 General Insurance
📝 ICICI Lombard net profit rises 12% on premium boost
📝 Your money: Know what makes most policyholders unhappy
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🗎 Health Insurance
📝 PhonePe launches health insurance platform that allows monthly premium payments
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Insuretech
📝 RenewBuy raises $40 million in Series D funding round
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🏦 SEBI
📝 Sebi, exchanges ease trading rule for stocks under enhanced surveillance framework
📝 Sebi to auction properties of 7 companies on August 21 to recover investors' money
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🗎 Pension Funds/PF
📝 PFRDA expects pension assets to surpass ₹11-lakh crore by March next
📝 PFRDA asks sponsor banks of RRBs to offer NPS
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🗎 Mutual Funds / AMCs
📝 Are valuations really high in the midcap space? Trideep Bhattacharya answers
📝 Eight new mutual fund offers or NFOs open this week
📝 Best to take a multi-asset approach, says Naren of ICICI Prudential Mutual Fund
📝 Mutual funds gain ground, but bank deposits reign supreme
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FII, DII data: FPIs bought shares worth Rs 73 cr, DIIs purchased shares worth Rs 64.34 cr on Monday, 17 July
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🗎 Govt Securities / Bonds
📝 PFRDA to allow funds to invest in sovereign green bonds: Chairman Deepak Mohanty
📝 India bond yields track OIS lower; bets of Fed pause after July rise
📝 Asian bonds see foreign inflows for fourth straight month
📝 PFC eyes up to Rs 5,000 crore via public issue of bonds
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