News From Press Insurers may get to diversify operations beyond core business

Insurers may get to diversify operations beyond core business

Source:ET Dec 3, 2024

The finance ministry has proposed allowing insurers to diversify operations beyond insurance business. A draft proposal inviting public comments talks about diversification, giving insurers the ability to offer guarantee and indemnity services, manage and sell repossessed properties, and establish employee welfare funds for staff and retirees.

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