Insurance Amendment Bill

The Insurance Amendment Bill is expected to simplify the capital structures of companies by proposing key reforms including composite licenses and increasing the foreign direct investment (FDI) cap.

Insurance Amendment Bill proposing 100% FDI unlikely in winter session, likely to be tabled in Budget session

According to a recent office memorandum, it is proposed to amend certain provisions of insurance laws to ensure accessibility and affordability of insurance to citizens, foster expansion and development of the insurance industry

Life insurance may be theme of the year: Societe Generale

With the Rajya Sabha clearing the Insurance Amendment Bill, several foreign investors waiting in the wings are finally ready to take the plunge. Max group is in talks with multiple partners for its life insurance business, while Axa has committed to hiking its stake to 49 percent in its joint ventures with Bharti.

'Insurance Bill a historic moment for govt's growth agenda'

Throwing more light on the passage of the Insurance (Amendment) Bill in the Rajya Sabha, Jayant Sinha, Minister of State for Finance said it was historic moment for the government‘s growth agenda.

See IPOs in life insurance space in 12-18 mnths: Espirito

The Union Cabinet has approved the Insurance Amendment Bill and it is likely to sail through Parliament this session. In an interview to CNBC-TV18, Nidhesh Jain, Analyst at Espirito Santo, discusses the impact of the move on insurance stocks.

'See $8-9bn cap infusion in 5yrs post insurance Bill nod'

Hitesh Jain, Partner at ALMT Legal anticipates the hike in foreign investment limit to attract USD 8-9 billion over the next 5 years.

Insurance Bill: Panel for hiking FDI cap to 49%

The panel is believed to have recommended that penalties on insurance companies be linked to seriousness of offences committed by them. It has suggested mechanism to ensure that there is minimum scope for subjective interpretation.

Insurance Amendment Bill panel likely to be reconstituted

The new panel will be reconstituted when the Parliament reconvenes around November 24.

Insurance Amendment Bill panel likely to be reconstituted

The two ministers in question are Mukhtar Abbas Naqvi, JP Nadda and new members can be appointed when Parliament reconvenes on November 24.

Hope to get Insurance Bill passed soon: FM

Finance Minister P Chidmabaram expressed the hope that Insurance Amendment Bill, which seeks to raise FDI cap in the sector to 49 per cent, will be passed soon.

Committee's stand on Aadhar, Banking Bill good: S Narayan

Former finance secretary S Narayan tells CNBC-TV18 that he is happy that the Banking Bill and Aadhaar did not get passed.

Govt's reform drive in logjam again: Why is E&Y positive?

The standing committee on finance has rejected the Insurance Amendment Bill and the Unique Identification Authority of India (UIDAI) Bill. The Banking Laws Amendment Bill has got only a conditional nod. CNBC-TV18’s Shereen Bhan spoke to Ashvin Parekh of Ernst & Young to make sense of the developments.