https://www.taxtmi.com/news?id=64687 The amendment raises the foreign direct investment limit in the insurance sector to 100% while requiring one top executive to be an Indian citizen, permits mergers between non-insurance and insurance companies, establishes a Policyholders' Education and Protection Fund, prescribes five-year terms (or until age 65) for the Chairperson and whole-time members, and empowers the LIC board with operational decisions to enhance regulatory oversight, transparency, ease of doing business, and policyholder protection. en-us Mon, 15 Dec 2025 13:01:03 +0530 Mon, 15 Dec 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=64687 The amendment raises the foreign direct investment limit in the insurance sector to 100% while requiring one top executive to be an Indian citizen, permits mergers between non-insurance and insurance companies, establishes a Policyholders' Education and Protection Fund, prescribes five-year terms (or until age 65) for the Chairperson and whole-time members, and empowers the LIC board with operational decisions to enhance regulatory oversight, transparency, ease of doing business, and policyholder protection. News - Mon, 15 Dec 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=64687