Read more about FM Sitharaman introduces Bill in Rajya Sabha to allow 74% FDI in insurance on Business Standard. The government had earlier allowed 100 per cent foreign direct investment in insurance intermediaries
Axis Bank has entered into definitive agreements with Fettle Tone LLP and the other partners of Fettle Tone LLP on 13 March 2021 in connection with Axis Bank s proposed acquisition of 9.90% of the aggregate partnership interest of Fettle Tone LLP pursuant to a contribution of Rs 90.8 crore by Axis Bank in Fettle Tone LLP s partnership capital.
Fettle Tone LLP is a special purpose vehicle (SPV) set up by True North Fund VI LLP under the IRDAI (Investment by Private Equity Funds in Indian Insurance Companies) Guidelines, 2017.
Fettle Tone LLP is currently a promoter of Max Bupa Health Insurance Company (MBHI) and holds ~55.6% of the total share capital of MBHI.
SPOTLIGHT
Updated Mar 12, 2021, 8:15 pm IST
To enjoy a stable life and protect it from the unpredictability, it is important to protect things that help make your life happy
When talking about one solution that fits all, there is a need to bring India International Insurance Pte Ltd. (III) in the spotlight.
Security, be it emotional, economic, social, or personal, is one of the basic human needs. To function at their full potential, human minds need to be assured of security. Spotting even the slightest risk leads people to lose their calm and become incapable of functioning. This is one of the most crucial factors that contribute to maintaining mind s peace, one of the ultimate goals of people all across the globe. It is human nature to strive to build a secure environment for them and their loved ones. When talking about feeling secure, it is not just confined to protection against criminal activities. The horizon of the term security is much vast.
Read more about Govt amends rules to bring insurance brokers within ombudsman ambit on Business Standard. Policyholders can also now file online complaints
Read more about Irdai asks insurers to bring standard accident cover from Apr on Business Standard. The insurance regulator has asked general and health insurance providers to provide standard personal accident cover products