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Market move▼ Bearish for Indian equities
Crude surge, insurance reforms trigger 1.7% market slide
The brief
- Indian markets slid 1.7% amid crude surge and insurance reforms
- Elevated global yields and stronger commodity prices may keep sentiment cautious
- Crude and yield pressures weigh on Indian equities; insurance reforms expose insurers and distributors
- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI
- Irdai’s distribution overhaul: Will it make insurance cheaper, curb mis-selling?
- LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member
- Will your insurance premium get cheaper? Here’s what IRDAI’s proposed reforms could change
- IRDAI’s proposed reforms will push adoption, make insurance buying more consumer-friendly, says chairman Ajay Seth