Insurance sector to get lot of foreign investment: Jaitley

Last Updated: Friday, March 20, 2015, 19:24

With the passage of three key economic legislations in Parliament, Finance Minster Arun Jaitley on Friday exuded confidence that the insurance sector is expected to get a lot of foreign investment.

US biz body hails passage of Insurance Bill in India

Last Updated: Friday, March 13, 2015, 07:08

A leading business body in the US has hailed passage of the Insurance Laws (Amendment) Bill in India that raises the FDI cap to 49 percent, saying such a legislation would promote investment, create jobs and increase financial stability.

Financial stocks gain on insurance bill hopes

Last Updated: Thursday, March 12, 2015, 13:07

Hopes of increase in insurance FDI today pushed the share prices higher for the companies with interest in the insurance sector, with Max India leading the charts with over 11 percent gains.

Insurance Bill to be taken up in Rajya Sabha today

Last Updated: Thursday, March 12, 2015, 09:32

Formally called the Insurance Laws (Amendment) Bill, it seeks to replace an ordinance that was promulgated earlier.

Insurance penetration in India at 3.9%, below world average

Last Updated: Tuesday, March 10, 2015, 18:36

Insurance penetration in India at 3.9 percent was below the world average of 6.3 percent in 2013, Parliament was informed Tuesday.

Insurance Bill gets Lok Sabha nod; set to face hurdles in Rajya Sabha

Last Updated: Wednesday, March 4, 2015, 18:56

The controversial Insurance Bill, a key reform legislation, Wednesday cleared the Lok Sabha hurdle easily but the problem of numbers in Rajya Sabha prompted the government to say that it will convene Joint Session if it is defeated in the Upper House.

Lok Sabha passes Insurance Bill to replace Ordinance

Last Updated: Wednesday, March 4, 2015, 18:07

Lok Sabha on Wednesday passed the Insurance Bill to replace an ordinance in this regard.

Insurance Bill introduced in Lok Sabha amid opposition

Last Updated: Tuesday, March 3, 2015, 15:28

A key economic reform bill, providing for raising the FDI cap in insurance sector to 49 percent, was introduced in Lok Sabha Tuesday amid stiff opposition by Left and TMC.

'FDI insurance rules could have been simpler'

Last Updated: Saturday, February 21, 2015, 12:11

The Indian government seems to have overstepped its boundary on extending foreign direct investment (FDI) limits for insurance intermediaries, industry experts say.

Aditya Birla Group plans to foray into health insurance biz

Last Updated: Wednesday, February 11, 2015, 22:27

Diversified conglomerate Aditya Birla Nuvo Ltd (ABNL) is planning to enter health insurance business in the country.

Insurance regulator mulls no fee for change in nomination

Last Updated: Sunday, January 25, 2015, 11:13

Observing policyholders' right to effect changes in nomination, sectoral regulator IRDA is proposing to do away with the practice of charging fee for such alterations by life insurance companies.

Norms tightened for appointment of agents by insurers

Last Updated: Sunday, January 4, 2015, 16:43

Under the newly promulgated Ordinance, insurers cannot appoint any "principal agent, chief agent and special agent", neither they can transact any insurance business through them.