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India focus: India's Insurance Bill finally sees the light of day

Source: Asia Insurance Review | Apr 2015

After a seven-year wait, the Indian Parliament finally cleared the Insurance Laws (Amendment) Bill, 2015, that, among other things, raised the FDI limit from 26% to 49%. It is an exciting time for the market which today has 52 companies, of which 24 are life insurers and 28 are non-life insurers, including five exclusive health insurers. By Jimmy John

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