https://www.taxtmi.com/news?id=42115 The draft Insurance Amendment Bill aims to permit full foreign ownership in insurance, review and simplify investment conditionalities, reduce paid-up capital requirements, introduce a composite licence, and allow agents to distribute products from multiple insurers. Parallel amendments to the Life Insurance Corporation Act and the regulatory statute will empower LIC's board with operational decisions. The reforms target enhanced policyholder protection, greater market entry and competition, improved industry efficiency, and higher insurance penetration. en-us Sun, 27 Apr 2025 14:16:03 +0530 Sun, 27 Apr 2025 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=42115 The draft Insurance Amendment Bill aims to permit full foreign ownership in insurance, review and simplify investment conditionalities, reduce paid-up capital requirements, introduce a composite licence, and allow agents to distribute products from multiple insurers. Parallel amendments to the Life Insurance Corporation Act and the regulatory statute will empower LIC's board with operational decisions. The reforms target enhanced policyholder protection, greater market entry and competition, improved industry efficiency, and higher insurance penetration. News - Sun, 27 Apr 2025 14:16:03 +0530 https://www.taxtmi.com/news?id=42115