Indian Insurance Industry News & Updates
Unfazed NFOs: No election jitters for mutual fund scheme launches
At present, five active equity and hybrid new fund offerings (NFOs) SBI Automotive Opportunities Fund, Samco Special Opportunities Fund, WhiteOak Capital Special Opportunities Fund, Bajaj Finserv Multi Asset Allocation Fund, and Baroda
BNP Paribas Retirement Fund are open for subscription.
AIG to sell 20% stake in Corebridge to Japan's Nippon Life for $3.8 bn
U.S. insurer American International Group said on Thursday it would sell a 20% stake in Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion.
6 out of 10 consumers complain of insurance mis-selling, says survey
Indicating the rampant manipulative selling in the insurance sector, as many as six out of 10 consumers of online insurance sales and service platforms have experienced dark patterns like nagging, subscription trap and forced action, says a survey.
Not child's play: Why maternity insurance is booming and how to choose the right plan — all your queries answered
More couples are choosing to secure their financial future from unwarranted healthcare expenses by opting for comprehensive maternity coverage as they plan to welcome a baby into their family. Growing awareness of rising healthcare costs among wannabe parents has led to an 80 per cent YoY increase in maternity plans in FY24, according to PolicyBazaar data.
Individual investors' share in mutual fund AUM surges 44% in a year; equity schemes find more takers, shows AMFI data
Investment in mutual funds is growing month after month and year after year. Across the parameters and yardsticks, investors are putting more money in mutual funds.
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