All in one insurance plan: IRDAI may price Bima Vistar at around ₹1,500 per individual
Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) held deliberations on pricing and other modalities of the much awaited all in one affordable insurance product, Bima Vistar, with the captains of industry at the Two-day Bima Manthan concluded here on Friday. 

GCCs in BFSI industry anticipate muted CY 2024 hiring

The research further highlights a shift in hiring strategies among GCCs in the BFSI segment. Most employers are prioritising mid to senior-level professionals rather than early-career professionals. With attrition rates stabilising in the single digits, there is a collective focus on maintaining control over attrition levels.

Your money: Life insurance money can help the heirs pay off business liabilities
While life insurance is a must for basic financial protection of the poor as well as the middle-class, it is also essential for the upper-middle class and affluent Indians. Much of the wealth of the rich is locked up in physical assets and they own businesses which cannot be quickly converted into cash.

New Schengen Visa rules: Know changes in travel, insurance trends; senior citizens visiting Europe shoots up by 100%
New Schengen Visa rules have resulted in a doubling of Europe-bound senior citizens, a survey by insurance broker Policybazaar.com revealed.

Health Insurance: New IRDAI rules to give impetus to senior citizens with pre existing diseases
As insurance regulator IRDAI gives a green signal to senior citizens above the age of 65, the grey-haired population is set to get comprehensive health insurance cover soon, particularly the ones suffering from pre-existing diseases.

Health insurance age reform; NPS vs MF: Top personal finance stories

The second article, by Sebi registered investment advisor Deepesh Raghaw, weighs the pros and cons of investing in the National Pension System versus mutual funds for building a retirement kitty.

Insurance Query: Coverage for home healthcare services or medical equipment
Following his discharge from hospital, my father now requires ongoing medical care and support at home, including nursing services and oxygen therapy. As we explore options to ensure his comfort and well-being, I would like to know about the possibility of claiming financial assistance from our insurance provider to cover the expenses associated with these necessary home arrangements. Are there any limitations or exclusions in our insurance policy that may impact coverage for home healthcare services or medical equipment? Please clarify.

Healthtech company Flashaid raises $2.5 mn led by Piper Serica Angel Fund, SOSV
 

NPS assets surge 27.85% y-o-y as of April 20 at ₹11.73 lakh crore
New Delhi: Aided by roaring equity markets, National Pension System (NPS) assets under management (AUM) recorded a robust 27.85 per cent y-o-y growth as of April 20 at ₹ 11.73 lakh crore (₹ 9.17 lakh crore), latest PFRDA data showed. The overall AUM, including that of Atal Pension Yojana (APY), was flat compared to the end March 2024 level of ₹ 11.73 lakh crore. 

ETFs trade like small-cap stocks as SEBI bans MFs’ overseas investment
Mumbai: The overseas-focused exchange traded funds (ETFs) on stock exchanges are trading at a premium over the indicative net asset value (iNAV) announced by mutual funds due to soaring investors amid the SEBI diktat. Last month, SEBI directed AMFI to stop fund houses from accepting fresh inflows into ETFs investing in overseas ETFs from April 1. The direction was on the back of strong inflows taking overseas ETFs close to the mandated investment limit of $1 billion.

Edelweiss Mutual Fund launches open-ended scheme blending ‘alpha’ and ‘low volatility’ factors – Should you invest?
Edelweiss Asset Management has launched an open-ended scheme ‘Nifty Alpha Low Volatility 30 Index Fund’. This new fund replicates the Nifty Alpha Low Volatility 30 Index. The New Fund Offer (NFO) will open on April 26, 2024 and closes on May 10, 2024.

Aditya Birla Sun Life MF Q4 net up 53 per cent
 

PE firm Advent to invest $300 million in Apollo HealthCo
Chennai: Private equity firm, Advent International, has agreed to invest ₹2,475 crore ($300 million) into Apollo HealthCo, a wholly owned subsidiary of Apollo Hospitals Enterprise Ltd. Concurrently, Keimed Pvt Ltd, a wholesale distribution company owned by the promoters of the Apollo group, is to be merged with Apollo HealthCo.