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Sunday, March 07, 2021

insurance Act

INSURANCE ACT NEWS

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

Insurance agents, brokers now under same ambit

January 14, 2015 1:22 am

Industry calls for clarification from regulator on issue.

RBI eases norms for NBFCs in insurance ventures

November 29, 2013 12:53 am

As per norms,NBFC cannot hold more than 50 per cent of paid-up capital of an insurance venture.

New FinMin circular clears stake sale in insurance firms

August 26, 2011 12:56 am

Indian promoters of insurance firms will not have to wait for completing 10 years to divest their holding and can now scale down their equity stake up to 26 per cent.

Govt to bend rules for Reliance Life?

August 25, 2011 3:43 pm

Govt's move may pave the way for Reliance Life to sell a 26 per cent stake to Nippon of Japan.