Latest Updates Around The World
Now that the 100 percent FDI law has been notified, the Finance Ministry has introduced new rules that remove the requirement that a majority of directors and key management personnel be Indian residents of a foreign-invested insurance company. However, the Chairman, Chief Executive Officer (CEO) or Managing Director must be an Indian resident. After consultation […]
MUMBAI: The insurance sector is expected to see significant investments with the Sabka Bima Sabki Raksha (Amendment to Insurance Laws) Act, 2025, which will be introduced by the government during the winter session of Parliament.The bill aims to allow 100% foreign direct investment in insurance and allows Irdai, the regulator, to issue sector-specific licenses, allowing […]
