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India's insurance sector News

Health insurance

18 Dec 2017

Cost standardisation in health insurance need of hour: Vijayan

Irdai chief T S Vijayan also laid a premium on insurers making their policies simple and affordable for a wider reach so that these are availed by the needy and the uncovered.

14 Apr 2017

IRDAI unveils portal for insurers to sell policies online

Insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online.

FDI in insurance broking

21 Mar 2017

Govt considering 100% FDI in insurance broking

The government is considering allowing 100 percent foreign direct investment in insurance broking with a view to giving a boost to the sector and attracting more funds.

Foreign direct investment

02 Dec 2015

FDI in insurance jumps 152% to $341.43 million in March-September

Foreign direct investment in the insurance sector more than doubled to USD 341.43 million during March-September this year, Parliament was informed Wednesday.

14 Aug 2015

HDFC to sell 9% stake in HDFC Life to UK firm for over Rs 1700 crore

HDFC on Friday said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.

13 Mar 2015

US biz body hails passage of Insurance Bill in India

A leading business body in the US has hailed passage of the Insurance Laws (Amendment) Bill in India that raises the FDI cap to 49 percent, saying such a legislation would promote investment, create jobs and increase financial stability.

12 Mar 2015

Financial stocks gain on insurance bill hopes

Hopes of increase in insurance FDI today pushed the share prices higher for the companies with interest in the insurance sector, with Max India leading the charts with over 11 percent gains.

12 Mar 2015

Insurance Bill to be taken up in Rajya Sabha today

Formally called the Insurance Laws (Amendment) Bill, it seeks to replace an ordinance that was promulgated earlier.

04 Mar 2015

Insurance Bill gets Lok Sabha nod; set to face hurdles in Rajya Sabha

The controversial Insurance Bill, a key reform legislation, Wednesday cleared the Lok Sabha hurdle easily but the problem of numbers in Rajya Sabha prompted the government to say that it will convene Joint Session if it is defeated in the Upper House.

04 Mar 2015

Lok Sabha passes Insurance Bill to replace Ordinance

Lok Sabha on Wednesday passed the Insurance Bill to replace an ordinance in this regard.

03 Mar 2015

Insurance Bill introduced in Lok Sabha amid opposition

A key economic reform bill, providing for raising the FDI cap in insurance sector to 49 percent, was introduced in Lok Sabha Tuesday amid stiff opposition by Left and TMC.

21 Feb 2015

'FDI insurance rules could have been simpler'

The Indian government seems to have overstepped its boundary on extending foreign direct investment (FDI) limits for insurance intermediaries, industry experts say.

Insurance reforms

24 Dec 2014

Insurance reforms to bring in foreign investment: Industry

The government's approval to key insurance and coal sector reforms will help attract much-needed investments, boost domestic manufacturing and usher in transparency and fair play, industry said on Wednesday.

25 Dec 2014

Govt fastracks reforms in insurance, coal and pharma sectors

Moving at rapid pace, the Union Cabinet on Wednesday approved key insurance and coal sector reforms which were stuck in Parliament logjam.

24 Dec 2014

Country can't wait if one House of Parliament does not work: Jaitley

With the government pushing key reform measures like insurance and coal block allocation, Finance Minister Arun Jaitley on Wednesday said the country cannot wait even if one of the Houses of Parliament "waits indefinitely".

24 Dec 2014

Govt approves Ordinance to hike FDI in insurance to 49%

Government on Wednesday approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from 26 percent, as the legislation could not be passed in the Parliament session that ended yesterday.

24 Dec 2014

Insurance, coal ordinances show government's determination: Jaitley

Addressing a press conference in the national capital, the Finance Minister said that insurance ordinance is in line with select committee recommendation.

24 Dec 2014

Cabinet approves ordinance on coal, insurance reforms

The Insurance Bill seeks to increase the composite foreign investment limit in insurance companies to 49 percent from current level of 26 percent.

24 Dec 2014

Govt may opt for ordinance to push coal, insurance reforms

Government may adopt the ordinance route to push reforms in insurance and coal sectors as relevant bills could not be taken up in the Rajya Sabha, whose functioning was paralysed in the just-concluded winter session.

16 Dec 2014

Insurance Bill to be tabled in Parliament today

The insurance amendment bill is likely to be tabled in the Rajya Sabha Tuesday.

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