Budget 2024 News Highlights: Centre may introduce insurance laws amendment bill in Parliament
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5 min read | Updated on July 15, 2024, 17:28 IST
SUMMARY
Budget 2024 News LIVE Updates: Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, and reduction in solvency norms, sources told news agency PTI.
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Budget 2024 News LIVE Updates: Centre may introduce insurance laws amendment bill in Parliament
The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'," PTI reported.
Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources told the news agency.
July 15, 2024, 09:05 AM
