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The passage of insurance bill by Parliament was widely welcomed by insurance industry honchos, who felt that the long pending reforms ushered in by the latest legislative action would augur well for the entire  insurance  sector. Shachindra Nathj, Group -CEO, Religare Enterprises Limited said that the Parliament's nod to the insurance Bill has finally ushered in long pending...

The investments would be channeled towards product innovations and to increase market penetration, Ajay Bimbhet says. This passing of insurance bill is a historic move for the Indian  insurance  industry. Universal health being one of the primary motives of the new government, we can expect a sizeable FDI inflow into the Indian insurance industry.  The investments would be...

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 per cent. Welcoming the hike from 26 per cent to 49 per cent, the companies said their foreign partners were keen on a larger equity ...

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 per cent. Welcoming the hike from 26 per cent to 49 per cent, the companies said their foreign partners were keen on a larger equity ...

Expecting the passage of Insurance Bill to bring in USD 8-10 billion of foreign capital into the industry, Reliance Capital today said it would soon begin talks with foreign partners for its insurance ventures. Beside giving additional stake to its existing foreign partner Nippon Life in life insurance venture, the group also expects to close deals for bringing in new partners for...