News From Press Insurance Bill may not be introduced in budget session

Insurance Bill may not be introduced in budget session

Source: Economic Times Jan 27, 2023

The government is likely to put on hold the Insurance Laws (Amendment) Bill, 2022, following demands from the industry for major changes, including dropping the composite licence provision, which allows insurers to undertake general and health insurance via a single entity. The bill was expected to be introduced in the upcoming budget session.

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