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Insurance (Amendment) Bill, 2021

  Mar 22, 2021

Insurance (Amendment) Bill, 2021

Q. What is the news?

The Rajya Sabha has passed the Insurance Amendment Bill 2021 that increases the maximum foreign investment allowed in an insurance company from 49% to 74%.

Q. What is Insurance Amendment Bill?

Q. What are the provisions of the bill? 

The Bill seeks to increase the maximum foreign investment allowed in an Indian insurance company.

() Foreign investment

() Investment of assets 

Q. What might be its expected outcomes?