Around 13% of customers at insurance marketplace Policybazaar are opting to pay health insurance premiums in monthly or quarterly instalments, according to data shared by the company, indicating demand for payment options that spread the cost of coverage over time. The average annual premium or EMI ticket size for these customers is ₹17,500, the company…
ICICI Prudential Mutual Fund will open the new fund offer (NFO) of its Nifty Pharma ETF on October 12, with the subscription window closing on October 19. The minimum application amount during the NFO is ₹1,000, with additional investments permitted in multiples of ₹1. The open-ended exchange-traded fund (ETF) will track the Nifty Pharma Index,…
NABVENTURES, the venture capital arm of the National Bank for Agriculture and Rural Development (NABARD), has announced the first close of NABVENTURES Fund II, with commitments of ₹450 crore. The fund is targeting a total corpus of ₹1,500 crore, including a green-shoe option, according to a release dated 9 October in Mumbai. Fund size and…
Aditya Birla Health Insurance (ABHI) has detailed the premiums, coverage and terms of its NPS Swasthya Top-Up Benefit, a group health insurance policy for NPS Swasthya subscribers offered through Axis Bank. Annual premiums, including GST, range from ₹1,732 to ₹29,743, depending on the age of the insured members, family size and sum insured. The policy…
Gold and silver prices rose in domestic futures trade on Friday, October 9, tracking gains in international markets as easing US Treasury yields and a weaker dollar supported bullion. However, inflation concerns and uncertainty over the US Federal Reserve’s interest-rate outlook remain key factors for investors to watch. On the Multi Commodity Exchange (MCX), December…
Credit card users can access discounts on festive purchases across groceries, food delivery, electronics, fashion and jewellery through offers announced by Swiggy Instamart and BOBCARD. The offers include discounts of up to ₹5,500 on select Instamart purchases using HDFC Bank credit cards, along with capped discounts on Swiggy and Ajio transactions for BOBCARD customers. The…
Choosing a crypto wallet involves balancing convenience with security and deciding who controls access to digital assets. Hot wallets are suited to frequent transactions, while cold wallets keep private keys offline, reducing exposure to online threats. Investors must also understand the risks of custodial wallets, where a platform manages the keys, and self-custody wallets, where…
Axis Asset Management Company (Axis AMC) on Friday (October 9) announced its entry into the specialised investment fund (SIF) segment under the brand name ‘Accelerate SIF’, with plans to introduce products in the equity and hybrid categories. The fund house said further details of the individual offerings would be announced closer to their respective launches….
Bonds are often seen as a relatively stable investment because they offer a defined interest payment, but they are not risk-free. Investors can face losses if an issuer defaults, bond prices fall before maturity or they are unable to sell their holdings at a reasonable price. Understanding these risks is important before investing, particularly in…
India’s life insurance sector is expected to post a 10-15% growth in annualised premium equivalent (APE) for the July-September quarter of 2026 (Q2FY27), even as the industry braces for the Insurance Regulatory and Development Authority of India’s (IRDAI) draft distribution paper. While the proposed regulations are expected to severely impact distributors by delaying profits, insurers…
