Top Indian Insurance Industry News & Updates - 03 Jun 2023,Saturday
🏭 Industry
📝 IRDAI eyes insurance push in rural areas with Bima Vahak
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🗎 Life Insurance
📝 Sahara India's life insurance business to be transferred to SBI Life
📝 SBI Life to takeover liabilities of 2 lakh policies, assets of Sahara India Life Insurance: Irdai
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🗎 General Insurance
📝 4 car insurance add-on covers can help you save thousands on monsoon damages. Who should buy?
📝 Denied coverage due to mental health condition? Persevere
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🏦 SEBI
📝 SEBI issues norms for transactions in corporate bonds through RFQ platform
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🗎 Mutual Funds / AMCs
📝 Short-term view in equities, equity mutual funds could be a recipe for disaster
📝 UTI, SBI MFs take lead in small town footprint
📝 Use current consolidation to accumulate gold: Quantum Mutual Fund
📝 Investors with a five-year horizon can expect decent returns from small caps: Sahil Shah of Edelweiss MF
📝 Sebi proposal to cap MF fees to impact fund houses’ profit: Wood
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 360 One Asset raises Rs 2,130 crore for latest private credit fund
📝 FIIs extend selling in Indian equities, outflow of ₹659 crore on 2 June; DIIs stay as net buyers
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🗎 Govt Securities / Bonds
📝 DICGC likely made large purchases at debt auction
📝 Price of 10-year benchmark G-Sec ends unchanged
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✈ International News
📝 Crypto insurer Evertas authorized to offer largest single crypto insurance policy
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