Insurance Bill

"All those restrictions will be reviewed as part of the bill, which means we will bring it together as an amendment to the Insurance Act."

Insurance Bill allowing 100% FDI, other changes awaits cabinet nod: Report

Once it is cleared at the 'highest levels', the bill will be introduced in Parliament. The bill has been in the works since 2022 when the government sought feedback on proposed changes to the Insurance Act and the IRDAI Act

Govt may infuse capital in 3 public insurers in FY25, says DFS Secy Vivek Joshi

Joshi said the government is holding internal discussions on the draft of the Insurance Bill, which includes composite licensing

Insurance | Private participation will improve sector performance, boost deals

Greater private participation will lead to an increase in competition, better pricing of insurance products, and the introduction of innovative products. This will enhance the choice for policy holders, and may also lead to greater FDI inflows into the sector 

Govt to do away with clause mandating it to hold majority stake in insurance companies: Report

The move would allow foreign companies to hold upto 74 percent stake in the divested general insurance company.

Top 10 policy reforms that rocked 2015

Crucial bills such as the Goods and Service Tax (GST) Bill and the Land Bill may not see the light of the day in 2015, but the government most definitely was not sitting idle

Is the raging rally in Indian equities over?

With a number of challenges hanging over the market, it's likely to move sideways in the months ahead unless positive catalysts emerge, say strategists.

Hope GST Bill to be passed by consensus: Jaitley

The government has managed to push through quite a few pieces of key legislations like the Insurance Bill, the Coal Bill and the MMDR Bill. Jaitley hopes that the GST Bill which will be introduced post the recess will be passed by general consensus.

After Llyod's, many other reinsurers to start ops in India

The new law has further liberalised the insurance market, enabling foreign reinsurers, including Lloyd's, to establish onshore branches. The move is expected to stimulate the insurance sector and help bring in over Rs 50,000 crore in fresh capital, according to experts.

Overseas inflows hit Rs 72,000 crore so far this year

Analysts expect inflows to accelerate further going ahead following the passage of the Insurance Bill in Parliament and assurances in the Union Budget to revisit controversial issues like General Anti-Avoidance Rule (GAAR).

Rs 60,000cr inflow likely in 5 years to insurance sector

During 2000-01 to 2013-14, the life insurance business registered a growth of 1 percent in total premium and 21 percent in new business premium collections and non-life segment grew by 16 percent.

Choppiness in mkt to stay for 2 qtrs; like autos: Pioneer

Sandeep Shenoy believes banking index could remain stable compared to other indices as it is an off-sided index with few large players like ICICI Bank and HDFC holding a higher weightage.

Gainers & losers: Stocks to buy after FII hike in insurance

Max India, also, tops list of Edelweiss. It does not expect any earnings kicker in near to medium term but feels the move will go a long way in boosting sentiments. Edelweiss agrees that the reform will pave way for listing on bourses.

Buy insurance cos on correction, like pharma: Dimensions

Ajay Srivastava of Dimensions Consulting is gung-ho on pharma sector and recommends not selling this space ever. He is confident that pharma is a multi-year story and investors can still make money over the next two-three years

Insurers eye billions of dollars as Parl clears Bill

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent.

Insurance Bill passage to lift foreign investment: Industry

"The passage of Insurance Amendment Bill in Rajya Sabha marks a new beginning for the Indian insurance sector," FICCI Director General Arbind Prasad said.

Will use funds for housing fin, commercial fin biz: Rel Cap

Sam Ghosh, CEO of Reliance Capital says Sumitomo MTB is coming in as a strategic partner to see how the company can get into universal banking together as well as get into other areas of financial services space.

FDI flows to spike if RS clears Insurance Bill: Experts

After the passage of Insurance Bill in Lok Sabha, there is a buzz it will manage to pass the Rajya Sabha test as well.The assumption has already led to a fair bit of excitement in the market.

Sensex strong, rupee strengthens; Rel Cap, Max India rally

It is a strong day of trade on Dalal Street. The Nifty and the Sensex bounced back led by gains in select FMCG and energy stocks. The broader markets outperformed benchmarks, up 1 percent with the advance decline ratio at a healthy 3:1.

Mkt eager for passage of key bills; buy Britannia: Bodke

In pharma space, Ajay Bodke of Prabhudas Lilladher continues to remain bullish on Aurobindo Pharma with a target price of Rs 1,300 per share.

RS to take up Insurance Bill on Thursday

While the mines and the coal bill will most likely be cleared during this part of the Budget session, tomorrow the Insurance bill will be taken up in Rajya Sabha and will most likely be cleared by the upper house.

Lok Sabha passes insurance bill

The passage of the bill in both the houses of parliament is critical to make an executive order, which Prime Minister Narendra Modi's administration issued in December, permanent.

Insurance Bill tabled in Lok Sabha

Close on the heels of operationalising 49 percent FDI hike in insurance, the insurance bill itself has been tabled in Lok Sabha.

Nifty may open in red on slower core sector growth

The Budget reiterated a gross domestic product (GDP) growth target of 8 percent plus but the economy continues to struggle.

Land Bill: Govt to face fight on two fronts – allies, Opp

The first fight Modi has to win is against his own parivar. He has to ensure that there is not a peep from them. If this does not happen, one can't see him winning the legislative war.