https://www.taxtmi.com/news?id=65167 The Bill allows up to 100% Foreign Direct Investment in insurance companies and amends three insurance statutes to facilitate capital inflows, competition, and technological adoption. It raises the prior-approval threshold for share transfers from 1% to 5%, reduces the Net Owned Fund requirement for Foreign Reinsurance Branches from Rs 5,000 crore to Rs 1,000 crore, grants LIC autonomy over zonal and foreign offices, introduces one-time licensing and license-suspension for intermediaries, creates a Policyholders' Education and Protection Fund, aligns policyholder data protections with the DPDP Act 2023, mandates consultative rulemaking procedures, empowers the regulator to disgorge wrongful gains, and rationalises penalties. en-us Thu, 18 Dec 2025 17:33:54 +0530 Thu, 18 Dec 2025 17:33:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=65167 The Bill allows up to 100% Foreign Direct Investment in insurance companies and amends three insurance statutes to facilitate capital inflows, competition, and technological adoption. It raises the prior-approval threshold for share transfers from 1% to 5%, reduces the Net Owned Fund requirement for Foreign Reinsurance Branches from Rs 5,000 crore to Rs 1,000 crore, grants LIC autonomy over zonal and foreign offices, introduces one-time licensing and license-suspension for intermediaries, creates a Policyholders' Education and Protection Fund, aligns policyholder data protections with the DPDP Act 2023, mandates consultative rulemaking procedures, empowers the regulator to disgorge wrongful gains, and rationalises penalties. News - Thu, 18 Dec 2025 17:33:54 +0530 https://www.taxtmi.com/news?id=65167