Top Indian Insurance Industry News & Updates - 08 Jun 2023,Thursday

🏭 Industry

📝  RBI expands scope of TReDS, includes insurers as participants
📝  Proactively process claims related to Balasore train accident: Irdai to insurers
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🗎 Life Insurance

📝  Shriram Life unveils unit-linked policy with life goal, legacy options
📝  LIC increases stake in this Nifty bluechip stock through open market
📝  Max Life’s digital push yields results; end-to-end customer engagement online garner robust sales
📝  ICICI Prudential Life Insurance relaxes claims settlement process for Odisha train accident victims
📝  Federal Bank introduces Platinum Wealth Builder Plan with Ageas Federal Life Insurance. Details here
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🗎 General Insurance

📝  Bajaj’s insurance play: Success mantras of two siblings
📝  FSIB selects new chiefs for GIC Re, NIC
📝  This 35 paisa train insurance to provide Rs 10 lakh cover, here's how to buy it before journey
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🏦 SEBI

📝  SAT quashes Sebi order on Brickworks
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🗎 Pension Funds/PF

📝  Minimum assured return pension scheme in the works: PFRDA chief, Mohanty
📝  EPFO may hire separate consultants for equity and debt portfolios
📝  KVG Bank bags award for Atal Pension Yojana enrolment
📝  PFRDA pushes Atal Pension Yojana, sets enrolment target of 1.34 crore in 2023-24
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🗎 Mutual Funds / AMCs

📝  Bajaj Finserv enters as the 43rd player in the mutual funds space. The task is now to stand apart.
📝  Top 5 MFs with exposure to IT stocks that gave over 15% returns in 5 years
📝  Are Systematic Withdrawal Plans tax efficient?
📝  Cut in expense ratio of MFs will lead to lower tax collection
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Sebi wants to track money flowing into PE, VC funds
📝  Bank of Maharashtra mops up ₹1,000 cr via QIP of equity shares
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🗎 Govt Securities / Bonds

📝  Bank bond issuances may fall as liquidity improves: ICRA
📝  HDFC plans 10-year bond issue to raise Rs 10,000 cr
📝  Adani Group plans to revisit global bond market by Sept
📝  RBI may resort to overnight VRRR to manage liquidity: Analysts
📝  Six months since launch, surety bonds see no takers so far
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