Insurance companies can now launch new products without IRDAI approval
Business | June 02, 2022 17:03 ISTSo far, insurance companies were required to obtain prior approval from IRDAI to launch new insurance products.
So far, insurance companies were required to obtain prior approval from IRDAI to launch new insurance products.
The Lok Sabha on Monday gave a green signal to a bill that seeks to increase foreign direct investment (FDI) in the insurance sector from 49 percent to 74 percent. The Insurance (Amendment) Bill, 2021 was passed by Rajya Sabha last week.
Sitharaman presented the Union Budget 2021-22 on Monday, which was approved by the Union Cabinet headed by Prime Minister Narendra Modi earlier today.
Co-pay is a facility provided by the insurer to the insured, where the insured agrees to pay a fixed part of the insured amount at the time of claim settlement.
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Mumbai: To check ponzi-like activities in the insurance sector, the new ordinance has prohibited multi-layered agent structure for sale of insurance products, while it has also barred offers aimed at inducing people to buy or
New Delhi: A political hot potato for long, the insurance sector got its long-awaited dose of reforms, as 2014 neared the end and will keenly await moneybags from abroad in the new year to bring
New Delhi: Hinting that the chances of the Insurance Bill getting approved during parliament's ongoing winter session are high, finance minister Arun Jaitley said on Saturday the debate on opening up the sector will end
New Delhi: Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee
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