Insurance Amendment Bill likely to be introduced in Winter session: FM Sitharaman

Insurance Amendment Bill likely to be introduced in Winter session: FM Sitharaman https://www.taxtmi.com/news?id=55625 The proposal would allow full foreign direct investment in the insurance sector with investor commitments to deploy premiums in India, accompanied by a review and simplification of existing guardrails; it also proposes reduced paid-up capital, introduction of a composite licence, and coordinated amendments to the Insurance Act, the LIC Act and the IRDA Act to promote policyholder interests, market entry, governance changes at the Life Insurance Corporation, and increased insurance penetration. en-us Sun, 14 Sep 2025 13:01:03 +0530 Sun, 14 Sep 2025 13:01:03 +0530 TaxTMI RSS Generator Insurance Amendment Bill likely to be introduced in Winter session: FM Sitharaman https://www.taxtmi.com/news?id=55625 The proposal would allow full foreign direct investment in the insurance sector with investor commitments to deploy premiums in India, accompanied by a review and simplification of existing guardrails; it also proposes reduced paid-up capital, introduction of a composite licence, and coordinated amendments to the Insurance Act, the LIC Act and the IRDA Act to promote policyholder interests, market entry, governance changes at the Life Insurance Corporation, and increased insurance penetration. News - Sun, 14 Sep 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=55625