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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.
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