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insurance Act
INSURANCE ACT NEWS
Composite licence: Only private insurers may be eligible
December 16, 2024 7:33 am
A composite licence allows an insurer to operate multiple lines of businesses like life, health and non-life insurance under one entity. This is not allowed as of now.
To privatise a general insurer, Centre set to amend 1972 law
July 16, 2021 2:38 am
The Centre has set the disinvestment target for 2021-22 at Rs 1.75 lakh crore, lower than the Rs 2.1 lakh crore in 2020-21.
Global reinsurers firm up plans, appoint India CEOs
May 10, 2015 3:37 am
The new Insurance Act allows entry of branch operations of foreign reinsurance giants and 49 % foreign equity in place. As a result, global reinsurers who were so far operating through their service companies will be setting up their full-fledged India operations soon
Explained: PAUSE & EFFECT
March 18, 2015 2:19 am
What does prorogation of the House mean, and how does the government plan to proceed.
Insurance agents, brokers now under same ambit
January 14, 2015 1:22 am
Industry calls for clarification from regulator on issue.
Cong, Left want select panel view on repealing ‘obsolete’ laws
December 11, 2014 2:13 am
The Bill, aimed at repealing certain enactments that have become redundant and amending certain others was listed for consideration.
To meet Basel III norms, govt to dilute stake in PSBs to 52%
December 11, 2014 1:29 am
Union Cabinet gives nod to banks for raising capital from markets.
House panel ‘addresses’ Cong concerns, Insurance Bill ready
December 09, 2014 3:08 am
The Select Committee on the Insurance Laws (Amendment) Bill has recommended that the issue of Indian ownership and “control” be clearly defined in the Act.
Insurance bill may get RS nod as Cong softens stand
December 03, 2014 2:13 am
The 15-member committee, headed by senior BJP member Chandan Mitra, is required to submit a final report by December 12.
Shiv Sena too will oppose insurance bill
November 25, 2014 5:34 am
Desai said proposal to enhance the cap on FDI in insurance sector would promote foreign firms at the cost of farmers.
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