News From Press Govt proposes major amendment to insurance act to open up agent ties

Govt proposes major amendment to insurance act to open up agent ties

Source: CNBC 1 hour ago

To enhance competition and broaden consumer choices, the government has proposed amendments to the Insurance Act that would allow agents to partner with multiple insurers across life, general, and health insurance segments. Currently, agents are restricted to tying up with just one insurer in each category.

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