Finance
YellsyFinance Ministry Ditches Old Rules for 100% FDI in Insurance
Listen up, folks! The Finance Ministry just tossed the old rules out like yesterday's leftovers! Now, you only need one Indian bigwig—CEO, MD, or chairperson—to keep things spicy in the insurance sector. Forget the majority nonsense; that’s history! Buckle up for the new insurance law to roll out by December 30, 2025. Get it done, or you're serving up a raw deal!
few days ago | Harsh Kumar
Quick rundown
1.India allows 100% FDI in insurance sector.
2.New rules require one top leader to be an Indian resident.
3.Majority Indian directors rule removed for foreign-invested insurers.
4.Rule 4A provisions for solvency and independent directors omitted.
5.Sabka Bima Sabki Raksha Act amends several insurance laws.
