Government Plans Insurance Act Amendment for ‘Insurance for All by 2047’ in Budget Session
14 Jul 2024 14:52 PM IST
During the upcoming Parliament Budget Session, the government is set to propose amendments to the Insurance Act, 1938, aiming to achieve ‘Insurance for All by 2047’, sources reported. Key Points: Proposed Amendments: The amendments aim to introduce provisions like composite licensing, differential capital requirements, and reduced solvency norms. These changes