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MUMBAI: The insurance sector is expected to see significant investments with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, to be introduced by the government in the winter session of Parliament.The Bill seeks to enable 100% FDI in insurance and allows Irdai, the regulator, to issue sector-specific licences, permitting new insurers to…
Chhatrapati Sambhajinagar: Ganesh Chavan (35), the district head of a private finance firm, allegedly burnt a drunk man alive in a car in Latur to claim a Rs 1 crore term insurance payout and wipe out mounting debts, police said on Monday.The meticulously planned crime was aimed at ensuring the insurance benefit reached his family…
The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. NEW DELHI: The Cabinet on Thursday cleared rewriting of laws in two critical sectors – stock markets and insurance. The plan is to allow 100%…
The Union Cabinet on Friday approved a bill to raise the foreign direct investment (FDI) cap in the insurance sector to 100 per cent, a major change aimed at deepening insurance penetration and accelerating sectoral growth, PTI reported citing sources.The proposed legislation — the Insurance Laws (Amendment) Bill, 2025 — is among 13 bills listed…
Representative image (AI) CHENNAI: Chola MS General Insurance (Chola MS), the JV between Murugappa Group and Japan’s Mitsui Sumitomo Insurance Group, expects an improvement in Q3 and H2FY26 after posting drop in PAT in H1 FY26. It reported a gross written premium of `2,220cr in Q2 FY26 (`2,191cr in Q2 FY25) and a PAT of…
Parliament’s winter session kicks off Monday NEW DELHI: As the Winter Session of Parliament begins on Monday, the government is set to push a heavy economic agenda, lining up nine key bills ranging from insurance reforms to new taxation frameworks for sin goods such as tobacco and pan masala. The session will run from December…
MEERUT: In a case of attempted insurance fraud, UP Police on Thursday uncovered a bizarre plot when a man from Delhi arrived with his aide at Hapur’s Brijghat cremation ground with what they claimed was the body of a man named Anshul Kumar. The supposed corpse, transported in a car, however, turned out to be…
China Taiping Insurance Holdings Co. shares fell sharply on Thursday amid concerns over its exposure to a Hong Kong construction project linked to a devastating high-rise fire that has killed at least 44 people and left hundreds missing.The stock slid as much as 8.1% in early trading before trimming losses to about 2% by late…
With age, there are a lot of changes our bodies go through: graying hair, loss of elasticity in the skin, and gradual loss of strength. But probably one of the most important changes is the progressive loss of muscle mass throughout life, which for most people becomes a matter of concern when it finally impacts…
The Finance Ministry is once again examining the merger of three state-owned general insurance companies—Oriental Insurance, National Insurance and United India Insurance—after an improvement in their financial condition, PTI reported citing sources. The move revives a proposal first announced in the 2018-19 Budget to consolidate the three entities into a single insurer to improve efficiency…
