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    <title>Lok Sabha passes bill to raise FDI to 100 pc in insurance sector</title>
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    <description>The amendment bill raises the foreign direct investment ceiling in the insurance sector to 100 per cent and permits mergers between non-insurance companies and insurance firms. It amends governing insurance statutes, establishes a Policyholders&#039; Education and Protection Fund, seeks greater regulatory transparency and oversight, improves ease of doing business for market participants, and sets five-year terms (or until age 65) for the regulator&#039;s Chairperson and whole-time members.</description>
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