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Bill to amend general insurance law introduced in Lok Sabha

Bill to amend general insurance law introduced in Lok Sabha SECTIONS Last Updated: Jul 30, 2021, 02:40 PM IST Share Synopsis Introducing the General Insurance Business (Nationalisation) Amendment Bill, 2021, Sitharaman said its passage will help generate required resources from the Indian markets so that public sector general insurers can design innovative products. ANI Sitharaman in the Budget 2021-22 had announced a big-ticket privatisation agenda, including privatisation of two public sector banks and one general insurance company. A bill to amend the general insurance law to allow the government to pare its stake in state-owned insurers was introduced in the Lok Sabha on Friday, but Finance Minister Nirmala Sitharaman insisted that it will not lead to privatisation.

Cabinet approves amendment in insurance law to push privatisation of one general insurance co

Cabinet approves amendment in insurance law to push privatisation of one general insurance co
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