INSURANCE STOCK : Finance Minister on #insurance #FDI in Rajya Sabha: IRDAI has said FDI limit has to be raised with safeguards.

Need deep pockets for insurance sector & need long term capital to be supplemented, she adds.

The #Insurance Regulatory and Development Authority of India has launched a single-window no-objection certificate portal in order to expedite the process of incorporation of an #insurer

OCTOBER #GENERAL INSURANCE DATA

GENERAL #INSURANCE IND
Oct Premium Up 16% (YoY)
FY23 Year-to-Month Premium Up 15% (YoY)

STANDALONE HEALTH INSURANCE
Oct Premium Up 20% (YoY)
FY23 Year-to-Month Premium Up 26% (YoY)

IRDAI allows banks to tie up with 9 life, general & standalone health #insurance cos

Currently banks are allowed to tie up with 3 life, general & standalone health insurance cos

Bajaj Finserv reports #Q3 earnings

▶️ Life insurance #profit down 8% YoY & 49.1% QoQ

▶️ Life #insurance gross written premium up 10.4% YoY & 8.4% QoQ

▶️ Life insurance #AUM up 7.5% YoY & 3% QoQ

#April Life Insurance Data: #Premium down 30% YoY, down 76% MoM

◼️Private life #insurance premium up 9% YoY, down 71% MoM

RT @YashJain88: LIC Q1FY24 Results On August 10

Results Have Somewhere Paused The Large Insurance Rally

STOCK MOVES 3 MTHS PRE & POST RESULTS

▪️SBI Life +16% Vs -2.5%
▪️HDFC Life: +28% Vs -1%
▪️ICICI Pru Life: +45% Vs -1%

LIC Has Moved +18% In Last 3 Months

@CNBCTV18Live #Insurance

RT @YashJain88: General Insurance Industry: Status Check

Three Key Highlights
▪️ICICI Lombard: Losing Mkt In Motor, Pacing Ahead In Health

▪️New India Assurance: Strong Growth In Motor, Health Suffers

▪️Star Health: Continues Under Performance To Industry Avg

@CNBCTV18Live #Insurance https://t.co/kKE2vXnFVx

RT @CNBCTV18News: The #IRDAI approves changes to the reinsurance regulations, which include minimum capital requirement updates, streamlined order of preference, and others.

More details by @YashJain88 & @anshul91_m | #Insurance #Reinsurance #Finance

https://t.co/ASLGS2rtus

March life #insurance total premium up 15.6% YoY, APE down 4% YOY

➡️HDFC Life total premium is up 16%, APE is down 20% YoY

📢 Sources Say | #Insurance companies to get #GST Relief

*Over 100 DGGI notices worth ₹20,000 cr are now defunct

*Cos will also get demands already paid against DGGI
notices as itc refund

*Alert: DGGI had claimed dues from insurance cos starting July 2017