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  • How to Mortgage Your Life Insurance Policy?
    The primary purpose of purchasing a life insurance cover is to safeguard your family in the event of your untimely demise. However, over the past decade, the meaning of insurance has widened to include investment products as well, as insurance companies have come up with different types of life insurance policies. Apart from pure term insurance, other life insurance products include endowment policies, money back plans and unit linked insurance policies (ULIPs).
  • Insurance Bill Passage to Boost Foreign Investment: Industry
    Mr Prasad said the growth of insurance sector would help bring much needed funds for meeting India's growth aspirations.
  • Insurers Eye Billions of Dollars as Parliament Clears Bill
    Welcoming the hike from 26 per cent to 49 per cent, the companies said their foreign partners were keen on larger equity participation and the move would help attract $8-10 billion capital into the industry.
  • PM Modi Passes First Major Economic Reform With Insurance Overhaul
    Lawmakers in the upper house agreed to increase the foreign investment limit in local insurers to 49 per cent from 26 per cent after the opposition Congress party swung behind the bill which cleared the lower house last week.
  • Insurance Bill: Unions Call for Strike in Protest
    Union leaders also said they would like to reiterate their demand for merger of all four state-owned non-life insurers.
  • Industry Ministry Operationalises Insurance FDI
    Press notes are official documents issued by DIPP through which new FDI policies or changes in existing ones come into effect.
  • EPFO Plans Medical Benefits For its Pensioners
    The committee wanted that the medical facility to pensioners should be provided free of cost and the EDLI funds should be used for the purpose.
  • FDI in Insurance: Up to 26% Allowed Via Automatic Route
    Any increase of foreign investment of an Indian insurance company shall be in accordance with the pricing guidelines specified by Reserve Bank of India under the FEMA.
  • Won't Let Political Obstructionism Stop Insurance Reform: Arun Jaitley
    The minister regretted that although the Insurance Bill, which seeks to raise FDI cap from 26 per cent to 49 per cent, was approved by standing committee of Parliament and Select Committee of Rajya Sabha, "political obstructionism is being used to ensure it does not come on the agenda of Parliament."
  • Parliamentary Panel Recommends 49% Cap on Foreign Investment in Insurance
    The select committee report said that the cap on foreign investment in insurance include foreign direct investment and foreign portfolio investments.
  • Introduce 'Jan Bima Yojna' for Insurance: IRDA to Government
    The Narendra Modi-led government launched the 'Jan Dhan Yojana' in August this year with an aim to deepen the banking penetration, and the banks have so far responded by opening over 6 crore basic accounts of the targeted 7.5 crore.
  • 'Hike in FDI Insurance Cap Will Help Sector's Growth'
    The proposed hike in Foreign Direct Investment (FDI) cap from 26 per cent to 49 per cent in the insurance sector will lead to higher growth of the industry, a top official of United India Insurance company said on Wednesday.
  • United India Insurance Keen to Re-enter Overseas Markets
    United India chairman and managing director Milind Kharat said the company may look at markets of the Middle East and Sri Lanka to begin with, as these markets offer good business potential.
  • LIC Favours Raising FDI Cap in Insurance Sector to 49%: Report
    Sources said LIC Chairman S K Roy, while presenting the view of the country's largest insurer at a recent meeting of the select committee, was in favour of raising the cap from 26 per cent now, which according to some members is "politically motivated."
  • Sanlam to Spend $52 Million to Raise India Insurance Stake
    Sanlam Ltd, South Africa's largest insurer by market value, plans to spend up to 550 million rand ($52 million) to increase its stake in the insurance arm of India's Shriram Group to 49 per cent by the end of the year, its chief executive said on Thursday.

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