Top Indian Insurance Industry News & Updates - 21 Jun 2023,Wednesday
🏭 Industry
📝 Biparjoy Cyclone: LIC announces relaxations for victims of cyclone
📝 Govt issues draft Motor Third Party Premium and Liability Rules for FY24
📝 Kochi native wins long-drawn legal battle for insurance claim
📝 IRDAI moves Supreme Court against SAT's order in Sahara-SBI case
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🗎 Life Insurance
📝 CCI approves HDFC acquisition of more shares in HDFC ERGO
📝 PNB Metlife policyholders get Rs 768.6 cr in bonus
📝 Blockchain & AI can help identify fraudulent claims; automated, proactive claims settlement ultimate aim
📝 Centre initiates talks with global investors over LIC business prospects
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🗎 General Insurance
📝 Proposed third-party motor insurance premiums for FY 2023-24
📝 Cyber insurance cover cost soars up to 60% with rise in attacks
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🗎 Health Insurance
📝 The Role of Preventive Care in Family Health Insurance Plans
📝 How to customise your corporate insurance for maximum coverage?
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🏦 SEBI
📝 SEBI directs Nuvama Wealth and Investment to be diligent in conduct of business
📝 NSE settles 2021 trading glitch case with SEBI, pays Rs 49.76 crore
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🗎 Pension Funds/PF
📝 EPFO adds 17.2 lakh members in April
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🗎 Mutual Funds / AMCs
📝 HDFC Mutual Fund launches HDFC Non-Cyclical Consumer Fund
📝 8 equity mutual funds have NAV of Rs 1,000. How have they performed?
📝 UK's abrdn exits India's HDFC AMC in $432 mln stake sale
📝 This fund manager with AUM of Rs 38000 cr reveals his secret of picking stocks for past 11 years
📝 Abrdn Investment sells entire HDFC AMC stake
📝 HDFC AMC share price jumps 9% today despite Abrdn Investment offloading its entire 10.2% stake
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 HDFC to sell 90% stake in education finance arm to BPEA, ChrysCapital in $1.11 billion deal
📝 ‘Valuations not a concern as long as we can deliver growth,’ says Nuvama Capital’s Shiv Sehgal
📝 ChrysCapital bullish on future of financial service
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🗎 Govt Securities / Bonds
📝 SGB 2023 subscription open: Key things to know about new Sovereign Gold Bond scheme
📝 Kotak Bank plans to raise up to Rs 2,500 cr via bonds
📝 Pick up sovereign gold bonds now; price set at Rs 5,926 per gm, lower than May highs
📝 Demand for long-term bonds likely to taper on weak insurer interest
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