Top Indian Insurance Industry News & Updates - 10 Jun 2023,Saturday
🏭 Industry
📝 LIC raises stake in SAIL to 8.6%
📝 Irdai gives life insurance biz licence to Watsa’s Go Digit
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🗎 Life Insurance
📝 Life insurers witness four per cent decline in new business premium to Rs 23,477.8 crore in May
📝 Go Digit Life Insurance gets Irdai nod to carry life insurance business in India
📝 Max Life launches new Smart Wealth Advantage Growth Par Plan
📝 Bajaj Allianz Life launches campaign to highlight the diabetic term plan Sub 8 HbA1c
📝 ‘Impact of new tax on non-Ulips likely to be marginal’: Max Life Insurance MD and CEO Prashant Tripathy
📝 Odisha train accident: Aviva Life Insurance expedites claim settlement process
📝 Macquarie downgrades 3 private sector insurers on growth concerns
📝 HDFC Bank, Reliance, ICICI Bank, Infosys: Top largecap holdings in life insurance equity portfolios
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🗎 Health Insurance
📝 Now, infertility treatment for employees gets India Inc cover
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Insuretech
📝 TPG-backed PolicyBoss closes Series B investment
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🗎 Pension Funds/PF
📝 Canada Pension fund sells 1.6% stake in Kotak Mahindra Bank for Rs 6,123 crore
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🗎 Mutual Funds / AMCs
📝 Inflow in equity mutual fund halves to Rs 3,240 crore in May on profit booking
📝 Sebi allows mutual funds to invest in repo transactions on commercial papers, certificate of deposits
📝 Mutual fund SIP flows hit new high of ₹14.7k crore in May
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FIIs settle this week as net buyers with inflow of ₹971 crore in stocks; DIIs surpass with ₹1,940 crore inflow
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🗎 Govt Securities / Bonds
📝 SBI board approves raising Rs 50,000 crore through debt instruments
📝 India’s 10-year yield posts biggest weekly jump in 4 months on hawkish RBI tone
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