Top Indian Insurance Industry News & Updates - 12 Jun 2023,Monday

🏭 Industry

📝  Welcome move. Specific insurance plans for surrogate mothers on the anvil
📝  New infra. Under PM crop insurance scheme, weather station to come up in every panchayat
📝  Irdai asks insurers to create ABHA IDs for policy seekers
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🗎 Life Insurance

📝  LIC to hold roadshows in Hong Kong, UK in June
📝  Go Digit Life to invest up to ₹600 cr as it starts out
📝  Growing the sector. Go Digit gets IRDAI nod to commence life insurance operations
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🗎 General Insurance

📝  Zuno General Insurance sees retail health growing faster than group business
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🗎 Health Insurance

📝  V Jagannathan quits from Board of Star Health and Allied Insurance Company
📝  No waiting period! Now get coverage from Day 1 for pre-existing diseases; here’s how
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Insuretech

📝  AI, Blockchain, and IoT take the wheel: 25% of the insurance industry set to be automated
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🏦 SEBI

📝  Sebi's SCORES platform disposes of 2,457 complaints in May
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🗎 Pension Funds/PF

📝  Pension Fund Regulatory and Development Authority to give approval to minimum assured pension return scheme by December
📝  LIC Saral Pension plan: Invest once and receive up to Rs 12000 every month, details here
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🗎 Mutual Funds / AMCs

📝  Franklin Templeton India Mutual Fund to repay investors of two debt funds: Report
📝  Mutual funds invest over Rs 2,400 cr in stocks in May
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  FPIs buying spree continues; invest Rs 9,800 cr in equities this month
📝  Mid, smallcaps attractive from 5-yr horizon: Vinit Sambre, head of equities, DSP Investment Managers
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