News From Press Govt proposes issuance of one licence for all insurance businesses

Govt proposes issuance of one licence for all insurance businesses

Source: Business Standard Dec 2, 2022

The finance ministry has proposed a host of amendments to the insurance laws — from granting insurers a composite licence to allowing them to sell different financial products, and increasing the retirement age of the chairman and whole-time members of the Insurance Regulatory and Development Authority of India (Irdai).

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