While purchasing an insurance policy, its flexibility in terms of premium payment and cover (32%) made up for the single biggest deciding factor. Simple documentation (16%) was the next biggest factor.
Most of the funds which have witnessed major outflows are those which have a tenure of less than one year, like liquid, ultra short, low duration and the like. In keeping with this, liquid funds saw outflows worth Rs 26,823 crores, while ultra-short duration funds saw exits worth Rs 4,123 crores.
Additionally, any charges levied and recorded with any registry on such properties should also be removed within this time frame.
Both mid and small cap categories continued to witness robust growth, despite prevalent concerns around their valuations. While small-cap funds garnered Rs 4,264.82 crore last month, mid cap funds saw inflows worth Rs 2,512 crore.
While many insurers offer cancer-specific insurance policies, others subsume cancer treatment under the critical illness cover. As per data, the median age in India when cancer is generally detected is between 50-60 years.
The paper also underlined that a blanket ban on these assets is neither advisable nor logistically possible. However, it proposes coming up with comprehensive regulations that are uniform across authorities, following the principle of “same activity, same risk and same regulation”.
Unsecured loans registered the fastest growth amongst all loan categories, with personal loans payable standing at Rs 10.25 trillion. About 73% of total loans availed in FY 22-23 had a tenure of less than 6 months. 79% of all loans taken digitally had a ticket size of less than Rs 10,000.
NPS has also begun receiving resounding acceptance as a tax-efficient instrument for retirement planning in recent times. As per data, around 14,027 corporates are currently registered with NPS, adding a total of 18.13 lakh subscribers to the system.
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