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COMPOSITE INSURANCE LICENCE
Government to launch 7th critical mineral auction tranche to boost resource securityIndia is set to auction 19 critical and strategic mineral blocks. This move aims to boost the nation's economic development and mineral sec...- Insurance reforms set India on path to universal coverage by 2047: R DoraiswamyIndia's Insurance Act Amendment Bill, 'Sabka Bima Sabki Raksha,' aims for a structural overhaul of the insurance sector, including amendmen...
- FDI hike to 100% in insurance to spur capital, competition and innovation: Aditya Birla Health CEOIndia’s move to raise the insurance FDI cap to 100% could attract fresh global capital, new entrants and greater innovation, says Aditya Bi...
- Ageas Life set to seek composite licence once govt issues final rulesAgeas Federal Life Insurance is preparing to seek a composite insurance licence. This move will allow the company to offer health insurance...
- Startups leverage distribution chops to gain ground in general insuranceStartups are leveraging their distribution muscle to carve out a larger share of India’s underpenetrated general insurance market. A growin...
- IRDAI inducts 5 new members into insurance advisory panelIndia's insurance regulator has appointed five new key members to its Insurance Advisory Committee (IAC), including leaders from banking, a...
- 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 may be referred to select panel for reviewThe government plans to refer the Insurance Amendment Bill, proposing 100% FDI in the insurance sector, to a parliamentary committee to add...
- No more insurance traps? Govt plans changes in free-look and other rulesThe government is introducing measures to reform the insurance sector. These include extending the free-look period to one year and introdu...
- India plans insurance law changes for unified licence, hiking FDI limit, sources sayThe govt is poised to revamp its insurance laws, potentially allowing insurers a single license to operate across life, general, and health...
- InsuranceDekho secures composite broking licence, to start reinsurance bizInsuranceDekho, a Gurugram-based insurance marketplace, has secured the composite insurance broking licence from IRDAI. Its customers can n...
- No formal proposal to enter health insurance, says LICLife Insurance Corporation (LIC) has clarified that there is currently no formal proposal for it to enter the health insurance space. This ...
- Policybazaar to enter reinsurance business with upgraded licencePB Fintech's subsidiary, Policybazaar Insurance Brokers, has received approval to enter the reinsurance business. It reported a net profit ...
- Bupa Group eyes bigger play in India’s healthcareNiva Bupa is a JV between the Bupa Group and Fettle Tone LLP (an affiliate of True North Fund VI LLP), a leading Indian private equity firm...
- Insurance Bill may not be introduced in budget sessionA government official said that the suggestions are being examined and that an announcement can be made in the budget while the actual bill...
- LIC may look at composite licence after passage of Insurance Laws (Amendment) BillThe proposed amendments suggest that the minimum paid up capital be specified by the Insurance Regulatory and Development Authority of Indi...
- One licence for all insurance: Bill likely in budget session“Our aim is to bring the legislation in the budget session. It, however, will depend on how swiftly we can incorporate suggestions and seek...
- Hero Insurance Broking gets nod for risk, reinsuranceHero Insurance Broking India has acquired a composite broking licence from the Insurance Regulatory and Development Authority of India (IRD...
- Centrum Group gets insurance broking licence“We have aspiration to emerge as a standalone insurance company, once we build scale in our insurance business,” said Anirudh Jain, head-in...
- IRDA asks insurers to design policy for HIV/AIDS patient: Namo Narain MeenaIRDA has asked all life insurance companies to design products and provide insurance cover for HIV/AIDS patient, Parliament was informed to...
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