Allianz Financial News

I am a homemaker with two children—aged six and nine. I want to plan for their future and start making investments for various goals such as higher education, coaching classes, marriage, etc. I have started investing in long-term insurance policies and mutual funds towards this end. When it comes to participating plans, I wanted to know how the cash value of a participating insurance policy grows over time? Also, as my financial situation evolves, can the coverage and premiums be adjusted over time?

Both teams are considered frontrunners to progress from a group that also features Galatasaray and FC Copenhagen, particularly due to their squad improvements during the summer transfer window. Bayern remains unbeaten in German Bundesliga, while Manchester United finds itself in the lower half of the table with only two wins in five matches in English Premier League. Manchester United manager Erik ten Hag is already under scrutiny and things could get a lot more uncomfortable for the Dutchman if they suffer defeat against the six-time European champions in one of the standout fixtures of the opening week. United have lost three of their opening five games, including last weekend's 3-1 home reverse against Brighton and Hove Albion. Harry Kane's first Champions League game for Bayern Munich will be against familiar opposition on Wednesday when Manchester United visit the Allianz Arena and the England striker has warned against reading too much into their poor form. Kane has scored four goals already in the Bundesliga and Bayern are level on points with the leaders. Kane, who played in five Champions League campaigns with Tottenham Hotspur before signing for Bayern in the close season, said underestimating United would be dangerous.

Advisors who fail to meet the needs of diverse investors as they become more confident, are leaving money on the table.

A reported dip in engagement with financial advisors by diverse Americans in 2022 appears to be reversing.

₹348 crore from anchor investors on Thursday. The Initial Public Offering (IPO) will open for subscription on Friday and will close on September 20. Also Read: Yatra Online IPO opens tomorrow; GMP, price band, dates and other details The online travel firm raised the amount from 33 anchor investors on Thursday, a day before its initial public offering.

MUMBAI : L &T Finance Holdings Ltd shares ended the day 3% down at ₹126.80 after US-based investment firm Bain Capital sold a 2.82% stake or 70 million shares in the company for ₹910 crore through a block deal. The shares were sold at ₹130 apiece.

₹126.80 after US-based investment firm Bain Capital sold a 2.82% stake, or 70 million shares, in the company for ₹910 crore through a block deal. Shares were sold at ₹130 apiece.

The Independent Advisor Alliance has hired two new executives to strengthen its senior management team ahead of a new growth phase.

Gross written premium of the non-life insurance industry fell 3.74% year-on-year (y-o-y) in August to Rs 23,558.25 crore as India’s two specialised insurers posted slump in growth of premiums during the month.

Flourish Cash, a division of fintech company Flourish that provides registered investment advisors with access to cash management, announced Friday it is increasing its top-tier annual percentage yield as well as the amount of assets protected by FDIC insurance.

Bajaj Allianz General and Tata AIG General have stolen the march over rivals – both stateand private-owned in premium growth last month. The industry saw premiums amounting to Rs 19,291 crore, marking a 12.80% increase compared with the same month last year. Bajaj Allianz General Insurance saw 64% growth while Tata AIG General Insurance saw a 26% jump in the gross written premium, when the listed state-run insurer New India Assurance grew 2.63%. However, the growth in general insurance premiums slowed down in August compared with July.

Death is the only certainty in life, so it makes sense to plan for it financially, said Suze Orman, an American financial advisor and author. A term insurance is one of the best gifts that individuals can leave behind for their loved ones—It can help mitigate their family’s financial woes. Yet, it is not easy to lay your hands on such a policy if you are chronically ill.

life insurance plan designed to offer enhanced flexibility to customers in tailoring their cash flows according to their individual financial needs. Unlike traditional savings products, this plan provides the customers with the power of choice to design their income flow, whether they desire a higher income for additional sources of income, a higher lump sum to create a legacy, or a balanced combination of both.

Crisil Dynamic Asset Allocation Index (45% Equity, 45% Debt, and 10% Liquid). The asset allocation (between debt and equity) of the fund will be more dynamic/active in nature. It is based on an in-house quantitative model with limited qualitative input from the fund manager and aims to optimize risk return.

Bajaj Allianz Life Insurance has launched a new savings plan – Bajaj Allianz Life ACE. It is a non-linked, participating, early-income life insurance plan, which offers flexibility to customers to tailor-make the cash flows as per their financial requirements, the insurer said in a statement. 

By Clara Denina and Sarah McFarlane

compensation claims in road accidents, the case is not expected to be proved like a criminal trial, the High Court of Karnataka has said. «It is well known that in a case relating to motor accident claims, the claimants are not required to prove the case as it is required to be done in a criminal trial.

Kayvan Vahid (pictured) spent over 20 years at UBS Asset Management

Longevity risk continues to be a hot topic for advisors, especially as their clients continue to suffer from a lack of “longevity literacy.“

The growth in the health segment was propelled by exponential growth in the government health business, which spurted 93% YoY. In July ’23, the gross written premium (GWP) for the industry grew 13% YoY to Rs 265 billion, fuelled by the health (up 33% YoY) and motor (up 15% YoY) segments. In July ’23, marine and commercial lines reported flattish YoY growth.