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INSURANCE ACT 1938
LIC rejects claim saying past typhoid, jaundice were not disclosed: Court says the illnesses have no link to sudden heart attack that killed the policyholder; orders insurer to pay over Rs 10 lakhLIC rejects insurance claim saying policyholder hid illnesses: LIC rejected a death claim filed by a Guntur widow, arguing her husband had ...- Centre allows 100% FDI in insurance via auto route"Foreign investment in this sector shall be subject to compliance with the provisions of the Insurance Act, 1938(4 of 1938), and the condit...
- Finance Ministry notifies rules for 100% FDI in Insurance sectorLast year, the finance ministry had issued a draft notification seeking to replace the existing limit of 74% foreign investment "as stipula...
- Lok Sabha clears Insurance Amendment Bill to allow 100% FDI in insurance sectorThe Lok Sabha has approved the Insurance Amendment Bill. This allows foreign companies to own up to 100 percent of Indian insurance busines...
- Insurance Amendment Bill: Cabinet approves 100% FDI in Indian insurance firmsThe Union Cabinet, led by Prime Minister Narendra Modi, on Friday approved a landmark bill proposing to raise the foreign direct investment...
- Bill to hike FDI in insurance sector to 100 per cent likely to be tabled in Winter session of ParliamentThe government plans to introduce a bill in the upcoming Winter session to raise FDI in the insurance sector to 100%, aiming to deepen pene...
- Insurance Amendment Bill likely to be introduced in Winter session: FM SitharamanFinance Minister Nirmala Sitharaman indicates the Insurance Amendment Bill may come to Parliament soon. The bill proposes 100 percent FDI i...
- Govt issues notification for fast pacing 100% FDI in insuranceThe finance ministry has issued a notification to facilitate 100% foreign investment in the insurance sector, pending parliamentary approva...
- Finmin targets to introduce Insurance Amendment Bill in Parliament during monsoon sessionThe Insurance Amendment Bill, allowing 100 percent FDI, may soon be introduced in Parliament. The finance ministry aims to table the bill d...
- Irdai sets up panel led by ex-SBI chairman Khara to implement amendments to insurance lawIrdai has established a seven-member committee led by ex-SBI Chairman Dinesh Khara to review and suggest amendments to the Insurance Act, 1...
- Insurance Amendment Bill proposing 100 per cent FDI unlikely in winter sessionThe Indian government might postpone introducing the Insurance Amendment Bill, which proposes 100% FDI in the insurance sector, during the ...
- Parliament committee approves of reforms proposed in Insurance BillA parliamentary committee has endorsed insurance sector reforms, including composite licenses and reduced capital requirements. They also u...
- Govt may introduce insurance laws amendment bill in Budget sessionThe government is expected to introduce a bill amending the Insurance Act, 1938, during the upcoming Budget session, aiming for 'Insurance ...
- Cabinet clears amendments to Insurance Act for raising FDI to 74%Finance minister Nirmala Sitharaman in budget 2021-22 said, "I propose to amend the Insurance Act, 1938 to increase the permissible FDI lim...
- SBI Life fined Rs 4 lakh by Irdai for violating norms on protection of policyholdersInsurance sector regulator Irdai has imposed a fine of Rs 4 lakh on SBI Life Insurance Company Ltd for violating norms on advertisement and...
- Max Life and HDFC Life 'committed to merger', weighing optionsIn November last year, Irdai had posed reservations on the present form of amalgamation of Max Life and HDFC Life into a single entity to c...
- Insurers can hold only 5% in promoter company, stipulates new insurance ordinanceNew insurance ordinance also does away with existing 10% cap on the equity stake insurers can hold in other companies.
- IRDA slaps Rs 12 lakh penalty on Sahara Life InsuranceIRDA slapped a fine of Rs 12 lakh on Sahara Life Insurance Company promoted by Subrata Roy-led Sahara Group for violation of various regula...
- GoM to discuss hike in insurance FDI cap to 49%The group of ministers (GoM) on insurance might consider approving the foreign direct investment ceiling for the sector from 26% to 49%. So...
- Insurance Bill to be tabled this sessionThe government is expected to table the crucial Bill in the current session of Parliament to amend the Insurance Act, 1938, which will noti...
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