This forum is for General Discussions. Talk about everything from your favorite books and funniest jokes to politics and current events.
2 posts • Page 1 of 1
Its good news for all of us as the government has passed the insurance bill allowing 49% FDI in the insurance sector. It will benefit all the policy holders as the insurers will be held responsible for mis-selling by agents. The amendment in the insurance bill can result an investment up to $10 Billion USD approximately Rs. 60,000 Crore. Its good news for both corporates and the customers.
Both the houses of the parliament has passed the insurance bill and govt is expecting around Rs. 25,000 Cr as FDI in this sector. Earlier FDI limit in Insurance sector was 26% and now almost every foreign partner of insurance companies will be looking to increase their stake. Bharti Group chairman Sunil Mittal has told media persons that Axa Life is looking to increase their stake and soon they will be moving an application to FIPB. There are other foreign players in India who will be interesting to increase their stake like Nipoon from Japan etc
Who is online
Users browsing this forum: No registered users and 3 guests