https://www.taxtmi.com/news?id=14190 Amendments raise the composite foreign investment ceiling in Indian insurers while safeguarding Indian ownership and control, expand IRDAI regulatory authority over solvency, investments, expenses, commissions, agent eligibility and intermediary categories, enable capital raising through new instruments and permit foreign reinsurers and international entities to operate branches or invest within the composite cap. Consumer protections are reinforced through penalties for misconduct, limits on policy repudiation periods, simplified nominee payments, prohibition of multilevel marketing, mandatory underwriting of third party motor insurance as per regulator rules, and dedicated capital requirements for health insurance as a separate vertical. en-us Sat, 14 Mar 2015 12:04:06 +0530 Sat, 14 Mar 2015 12:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14190 Amendments raise the composite foreign investment ceiling in Indian insurers while safeguarding Indian ownership and control, expand IRDAI regulatory authority over solvency, investments, expenses, commissions, agent eligibility and intermediary categories, enable capital raising through new instruments and permit foreign reinsurers and international entities to operate branches or invest within the composite cap. Consumer protections are reinforced through penalties for misconduct, limits on policy repudiation periods, simplified nominee payments, prohibition of multilevel marketing, mandatory underwriting of third party motor insurance as per regulator rules, and dedicated capital requirements for health insurance as a separate vertical. News - Sat, 14 Mar 2015 12:04:06 +0530 https://www.taxtmi.com/news?id=14190