Insurance Sector
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Insurance companies can now launch new products without IRDAI approval
Business | Jun 02, 2022, 05:03 PM ISTSo far, insurance companies were required to obtain prior approval from IRDAI to launch new insurance products.
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Bill to increase FDI in insurance sector gets Parliament nod: What it says
Business | Mar 22, 2021, 04:04 PM ISTThe 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.
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Budget 2021: What Sitharaman announced on FDI cap in insurance sector
Business | Feb 01, 2021, 12:18 PM ISTSitharaman presented the Union Budget 2021-22 on Monday, which was approved by the Union Cabinet headed by Prime Minister Narendra Modi earlier today.
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What does co-pay in insurance mean?
Business | Mar 20, 2018, 02:03 PM ISTCo-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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Budget 2015: Govt to pass insurance bill, notifies 49% FDI in sector
Feb 21, 2015, 09:03 AM ISTNew Delhi: Ahead of the Budget session, the Narendra Modi government has notified rules to implement the decision to increase foreign direct investment (FDI) in the insurance sector.The government signaled its resolve to get the
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Norms tightened for appointment of agents by insurers
Jan 04, 2015, 05:24 PM ISTMumbai: 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
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Insurance sector eyes FDI worth billions in new year
Dec 29, 2014, 02:58 PM ISTNew 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
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Debate on opening up insurance sector may end soon: Jaitley
Dec 07, 2014, 09:16 AM ISTNew 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
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LIC favours raising FDI cap in insurance sector to 49 per cent
Sep 14, 2014, 10:17 AM ISTNew 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