Top Indian Insurance Industry News & Updates - 27 Jun 2023,Tuesday

🏭 Industry

📝  Outlook on insurance sector looks strong; SBI Life, ICICI Lombard top buys
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🗎 Life Insurance

📝  ICICI Prudential gets notice for alleged GST liability of Rs 492 crore
📝   HDFC Life Insurance share price falls on getting ₹942-crore GST demand notice
📝  Digit Life enters insurance space with maiden product group term plan
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🗎 General Insurance

📝  MSME Day 2023: ICICI Lombard launches insurance products for MSMEs to secure their businesses
📝  Compliant with new expenses of management norms: Future Generali India MD
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Insuretech

📝  The role of insurtech in harnessing technology for inclusive insurance
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🏦 SEBI

📝  Sebi introduces ASBA-like facility for secondary market trading
📝  Sebi releases compliance rules for REITs, InvITs
📝  Securities and Exchange Board of India looks to beef up legal strength
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🗎 Pension Funds/PF

📝  EPFO Higher Pension Calculator Download Link: Calculate Dues for Bigger EPS Pension on Excel
📝  EPFO extends deadline for opting higher pension till July 11
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🗎 Mutual Funds / AMCs

📝  Sebi likely to clear overhaul of MF fees, stricter conduct code
📝  Tata MF to stop accepting lump-sum investment in small-cap fund
📝  Asset base of passive funds tracking Nifty indices reaches Rs 7 lakh crore mark in May
📝  Aditya Birla Sun Life mutual Fund merges ABSL International Equity Fund and ABSL Commodity Equities Fund - Global Agri Plan
📝  HDFC Mid-Cap Opportunities Fund completes 16 years; offers 16% since inception
📝  SEBI board likely to discuss FPI disclosure norms, MF total expense ratio
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  SBI Caps to open Abu Dhabi office on 3 July
📝  VC firm Arkam Ventures launches Fund II of $180 million
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🗎 Govt Securities / Bonds

📝  City Union Bank plans to raise up to Rs 500 cr via QIP
📝  IRFC and IDFC First seal debt raise deals
📝  Rise in local bond yields pushes up forward premia
📝  StanChart, Deutsche lead arrangers for Shapoorji Group co's Rs 14,300-crore bonds
📝  Banks’ bond issues picking up pace on strong demand, rate uncertainty
📝  In high-yield battle, India may beat Indonesia as top Asia trade
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✈ International News

📝  TCS enters strategic partnership with Standard Life International DAC
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