Govt plans insurance law changes for unified licence, hiking FDI limit

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Govt plans insurance law changes for unified licence, hiking FDI limit - Business Standard

Quick Summary:

A panel of lawmakers had backed the idea in February, but called for adequate capital and solvency requirements for eligible entities.

The sources declined to share any conditions that will be linked to the proposals, and asked not to be identified because they are not authorised to speak to the media.

Officials at the country's finance ministry are preparing to introduce amendments to the insurance law in the ongoing session of Parliament, the sources said.