The government’s 100% FDI in insurance is expected to boost sector penetration rather than disrupt established players, according to Nitin Raheja. While smaller insurers may benefit from capital infusion, larger ones are well-capitalized. The move also allows combined life and general insurance operations, offering scale benefits and a positive outlook for the sector.
SIP additions at a six-month high amid rising churn
In August, the number of new accounts for systematic investment plans (SIPs) soared to a six-month peak, marking significant activity. Nevertheless, the year-on-year growth showcased