Top Indian Insurance Industry News & Updates - 28 Jun 2023,Wednesday
🏭 Industry
📝 First phase pilot of Risk Based Supervision from next month: IRDAI
📝 IRDAI to commence pilot of RBS framework from July
📝 Finance ministry opts to simplify Insurance Act first; industry awaits reforms
📝 Kerala to roll out State-supported insurance scheme for MSMEs: Minister Rajeeve
📝 Centre to table Insurance Bill in upcoming monsoon session
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🗎 Life Insurance
📝 ICICI Pru Life gets GST demand notice for ₹492 cr
📝 HDFC buys HDFC Life shares worth over Rs 992 crore
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🗎 General Insurance
📝 Monsoon-proof your vehicle with engine protection insurance cover
📝 Titanic sub tragedy: Only 2 insurance covers in India for adventure junkies
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🗎 Health Insurance
📝 Maharashtra set to roll out health coverage for all citizens
📝 Great strides made in insurance, but there is still a long way to go
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🏦 SEBI
📝 Sebi asks CRAs to disclose about non-cooperating issuers
📝 Sebi prescribes methods to REITs, InvITs for compliance with 25% minimum public holding rules
📝 Sebi discontinues fee payment via demand draft
📝 SAT stays Sebi order against IIFL Securities
📝 Sebi to close down 16 smaller offices
📝 SEBI board likely to discuss FPI disclosure norms, MF total expense ratio
📝 Sebi approves IPO plans of Tata Technologies
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🗎 Pension Funds/PF
📝 You have time till 11 July to opt for higher pension: All you need to know
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🗎 Mutual Funds / AMCs
📝 Kotak Strategic Situations India Fund II Invests INR 450 cr to aid Viney Corpn. and its promoter
📝 Tata Mutual Fund suspends lumpsum flows into small cap scheme
📝 Axis Mutual Fund launches Axis Nifty IT Index Fund
📝 There is still a lot of value lying in insurance stocks: Santosh Kumar Singh
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🗎 Govt Securities / Bonds
📝 IDFC FIRST Bank raises Rs 1,500 cr in domestic bond markets
📝 PNB raises Rs 3,090 cr via tier-II bonds & SIDBI Rs 3,000 cr
📝 Bonds are great alternative to FDs, debt funds: Paytm Money CEO Varun Sridhar
📝 Indian bond yields to eye demand at state debt auction for cues
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