Top Indian Insurance Industry News & Updates - 29 Jun 2023,Thursday
🏭 Industry
📝 Irdai to roll out first phase of pilot for ‘Risk Based Supervision’ from July
📝 30% people in Tier 2 & 3 cities currently own insurance policies; Motor insurance most common: Survey
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🗎 Life Insurance
📝 HDFC further buys 0.7% stake in HDFC Life taking it to over 50% in insurer
📝 Bajaj Allianz Life net income jumps 20% to ₹390 crore in FY23
📝 Tata AIA partners with WhatsApp, PayU to introduce industry's first premium payment feature
📝 Life insurance through 15-second selfie video
📝 HDFC Life, Muthoot Fin: 75% stocks in financial services index eye bull-run
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🗎 General Insurance
📝 Magma HDI eyes higher insurance penetration in Kerala
📝 ICICI Lombard, ICICI Prudential launch combi product ‘ishield’
📝 Why have IRDAI launched combi plans? Naval Goel answers
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🗎 Health Insurance
📝 Average health insurance claims in India Rs 42,000; 15 per cent exceed Rs 1 lakh: Report
📝 National Insurance Awareness Day: Empowering individuals with comprehensive health insurance
📝 Religare may sell 6-7% of its health insurance business
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🏦 SEBI
📝 Sebi to strengthen investor grievance handling mechanism
📝 Board meet outcome: Sebi cuts listing time to 3 days from IPO closure
📝 Sebi to reduce listing time for shares in public issues; to mandate additional disclosures for FPIs
📝 SEBI to bring fresh consultation on total expense ratio for MFs
📝 Financial services firm SKI Capital gets SEBI nod for Rs 600 cr fund to invest in SMEs
📝 Sponsors of REITs and InvITs to hold a minimum stake for the life of investment vehicles
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🗎 Pension Funds/PF
📝 Pension panel holds meeting with state officials
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🗎 Mutual Funds / AMCs
📝 Sundaram Alternates plans to raise up to Rs 1,500 cr through realty private credit fund
📝 Unlocking investment mantra - This CIO shares BMV Framework for effective stock picking
📝 Bajaj Finserv AMC launches liquid fund, overnight fund
📝 Quant Mutual Fund launches Quant Healthcare Fund
📝 DSP Mutual Fund files draft for Multicap Fund
📝 Aditya Birla AMC mops up ₹893 cr via close-ended services fund
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Private equity funding in realty sector declined 20 per cent in January-June to $2.58 billion: Knight Frank
📝 PE investors keep faith in Indian realty despite global headwinds
📝 Equity investors become richer by Rs 3.43 lakh crore in two days of market rally
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🗎 Govt Securities / Bonds
📝 Dividend yield funds offer double-digit returns in all key horizons
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