All health schemes gradually coming under Ayushman Bharat umbrella

Major central government health schemes like the Employees’ State Insurance Scheme (ESIS) and the Central Government Health Services (CGHS) have already been aligned with the PMJAY. And discussions are on to align others like the Building and Other Construction Workers (BoCW) and Ex-Servicemen Contributory Health Scheme (ECHS), besides several existing state government health schemes.

Centre plans to extend PMSBY claims deadline for informal workers

Last August,  the labour ministry had started a facility that allowed unorganised workers registered on the social security portal—e-Shram — between the inception of the database in August 2021 and March 2022 to file claims and avail insurance cover. According to the guidelines, only incidents that occurred after registration on e-Shram in August 2021 and before March 2022 were to be considered for availing the payout. The deadline to file claims under the facility expired last month. 

Pramerica Life Insurance aims 30% CAGR in NBP in next five years
Pramerica Life Insurance, a private life insurer, is eyeing a compounded annual growth rate (CAGR) of 30 per cent in new business premium (NBP) income over the next five years, its MD and CEO Pankaj Gupta has said. The company, which is on a path of re-establishing and regrowing itself, expects to close the fiscal year ended March 2024 with NBP over ₹1,100 crore, a sharp rise over the recent years when annual NBP was just about ₹200 crore, Gupta told businessline in an interview.

Health Insurance: Co-payment helps reduce premium
Health Insurance Policies encompass a wide range of products, each with its unique benefits, limitations, and exclusions. A thorough understanding of these aspects is crucial. Being aware of these details can pre-vent unexpected financial strain when seeking medical care. 

12 essential tips for pocket-friendly family health insurance policy
Amid global health challenges, securing the well-being of our families takes centre stage. One critical aspect of this is ensuring access to quality healthcare without financial strain. Family health insurance serves as a cornerstone in this endeavour, offering protection against unexpected medical expenses. However, finding a pocket-friendly policy that doesn't compromise coverage can be daunting.

Health insurance for your ageing parents is now possible as IRDAI scraps age limit
Now, those above 65 yrs too can buy health cover
The Hindu Business Line

Equity MF inflows slow down despite bulls ruling the roost
Mumbai: Notwithstanding the heady inflows into equity mutual fund schemes, five of the 11 equity categories have registered a net outflow or lower inflow compared to last fiscal.

HDFC AMC posts Q4 profit jumps 43.8% YoY to Rs 540.84 crore, dividend declared
HDFC Asset Management Company released its fiscal fourth quarter earnings for the financial year 2023-24 with profit at Rs 540.84 crore, up 43.8 per cent in comparison to Rs 376.17 crore during the same period last year. It posted revenue from operations at Rs 695.43 crore, up 28.6 per cent on-year as against Rs 540.95 crore during the fourth quarter of FY23. The operating profit for the quarter ended March 31, 2024 was Rs 523.60 crore as compared to Rs 394.80 crore during the year ago period. 

Gold ETF assets surge 37% in India
Chennai: The net asset under management of Gold Exchange Traded Funds in India grew 37 per cent in FY24, which saw net inflows every month of the fiscal. Five new ETFs were added in the year.

Hybrid fund get attention
Source Credit: PTI, Deccan Chronicle
 

FPIs withdraw over Rs 5,200 crore in April so far from domestic equities
Foreign investors dumped domestic equities worth over Rs 5,200 crore in April so far on concerns over tweaks in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments made here via the island nation. This came following a staggering net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed.

Mid-sized PE, VC deals fuel funding activity, values soar
 

India's deal-making activity unfazed by elections: BNP Paribas' Murugaiyan
Underpinned by the country’s favourable macro, the outlook for India’s equity capital market (ECM), debt capital market (DCM) and mergers and acquisitions (M&A) remains positive, says GANESHAN MURUGAIYAN, head of corporate coverage and advisory, BNP Paribas India. In an email interview with Samie Modak, Murugaiyan, who oversaw close to a dozen ECM deals in 2023, says large sell-downs by private equity (PE) firms show the depth of the domestic market.

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Geopolitical jitters pause FPIs’ Indian debt investments, net outflows reach ₹6,124 crore in April
After six months of strong buying and consistent monthly inflows, Foreign Portfolio Investors (FPIs) shifted their strategy in April, becoming net sellers in the debt market. to the tune of ₹6,124 crore as of April 19.

HDFC Bank board approves ₹60,000 crore bond issuance for FY25
Mumbai: The Board of Directors of HDFC Bank on Saturday approved the annual renewal of issuance of bonds aggregating up to ₹60,000 crore over the next twelve months through private placement mode.