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    <title>Parliament passes bill to allow 100 pc FDI in insurance sector</title>
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    <description>The bill increases foreign direct investment in the insurance sector to 100 percent to permit full foreign ownership and attract capital, amends the Insurance Act, the Life Insurance Corporation Act and the insurance regulator&#039;s statute, authorises mergers between non insurance companies and insurance firms, and establishes a Policyholders&#039; Education and Protection Fund to protect policyholder interests while promoting sector growth, competition, lower premiums and increased employment.</description>
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