ICICI Lombard enters into partnership with Policybazaar
ICICI Lombard on Tuesday announced that it has entered into a partnership with Policybazaar to bring together the comprehensive product portfolio of ICICI Lombard and reach of Policybazaar, promising accessible insurance solutions for Indian consumers. 

High base, change in product mix to weigh on life insurers' margin in Q4

In March 2023, there was a surge in the sale of high value non-participating policies after the Union Government’s revision in taxation norm. The government removed the tax exemption on the maturity amount of insurance policies (excluding unit linked insurance plans or ULIPs) with an aggregate premium exceeding Rs 5 lakh. The norm came into effect on April 1, 2023.

HDFC ERGO introduces Paws n Claws, an all-inclusive insurance plan that covers pet diagnostics
HDFC ERGO General Insurance has introduced Paws n Claws, an extensive insurance policy designed for pet dogs and cats. India’s pet care industry is experiencing a consistent annual growth rate of approximately 13% and is projected to reach $800 million by 2025. However, many pet owners still face challenges in accessing affordable veterinary care, often spending thousands of rupees annually on their pets’ treatments.

Gold ETF gains traction as prices hit new high
Mumbai: Gold exchange traded fund has been gaining traction among both investors and physical gold jewellery buyers even as the prices have been increasing steadily.

Hinduja Group’s IndusInd International Holdings acquires 60% in Invesco India
Hinduja Group company, IndusInd International Holdings, a Mauritius based Investment Holding Company and Invesco have entered into a definitive agreement to form a joint venture and IIHL will acquire a 60% stake in Invesco Asset Management India (IAMI). Saurabh Nanavati, CEO of Invesco Asset Management India will continue to lead the new JV along with the existing management team.

Indian equity capital markets break records with $14.6 billion in Q1 fundraising, up 161.9% YoY
Indian equity capital markets (ECM) saw a record start this year, with fund raising in January-March 2024 at $14.6 billion, up 161.9 per cent compared to a year ago, according to the latest data from LSEG Deals Intelligence. This is the highest-ever first-quarter total by proceeds, said Elaine Tan, Senior Manager, LSEG Deals Intelligence.