Top Indian Insurance Industry News & Updates - 20 Jun 2023,Tuesday

🏭 Industry

📝  IRDA moves Supreme Court against SAT stay on Sahara insurance order
📝  Centre proposes to keep vehicle insurance premium unchanged for most categories
📝  What will drive insurance industry’s performance in FY24
📝  IRDA considering Managed General Agencies in insurance
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🗎 Life Insurance

📝  Sun Life Global Solutions to expand India operation; to add 700 staff by 2025
📝  Max Life Insurance picks 2.99% stake in Capital Small Finance Bank for ₹49.5 crore
📝  Tata AIA Life FY23 net income jumps to Rs 506 cr
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🗎 General Insurance

📝  Future Generali to favour differently abled for jobs
📝  Private Vs Commercial Car Insurance: Understanding the Difference
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🏦 SEBI

📝  SEBI bars IIFL Securities from taking new clients for 2 years
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🗎 Pension Funds/PF

📝  Pension fund regulator plans to come out with systematic withdrawal plan, providing flexibility to account holders
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🗎 Mutual Funds / AMCs

📝  Abrdn likely to exit HDFC AMC; may sell 10.2 pc stake through block deal
📝  MF SIP discontinuation jumps 7% m-o-m
📝  SIP closures rise 7.4 percent month-on-month in May
📝  ICICI Prudential Mutual Fund elevates Manish Banthia as CIO - Fixed Income
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Baring EQT, ChrysCap buy HDFC’s Credila for Rs 10,350 cr
📝  PE/VCs investment in India falls 44 pc to USD 3.5 bn: Report
📝   KKR appoints Gaurav Trehan as Asia private equity head
📝   Motilal Oswal AMC launches Motilal Oswal Nifty Microcap 250 Index Fund
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🗎 Govt Securities / Bonds

📝  Rate cuts hopes of bond market dashed but will rekindle soon
📝  Borrowing cost hardens with surge in state bond issuances
📝  Tata Power looks to raise Rs 1,500 cr via 10-year bonds
📝  NSE plans derivatives based on bond indexes
📝  Upstox to diversify product portfolio, plans to launch fixed deposits, bonds
Read More >>

✈ International News

📝  Driving a Mercedes-Benz gets smarter, thanks to in-car voice control with ChatGPT
Read More >>


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