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The Insurance Amendment Bill, 2021 was introduced by Finance minister Nirmala Sitharaman. Last week, the Cabinet had given its nod for the same. In her FY22 budget, Sitharaman had proposed increasing the permissible FDI limit in insurance companies to 74% and allowing foreign ownership and control with safeguards.
Govt changes insurance dispute rules, empowers system to protect interests of policyholders The new rules enlarge the scope of complaints to Ombudsmen from mere disputes between insurers and the insured to deficiencies in service on the part of insurers, agents, brokers and other intermediaries. advertisement UPDATED: March 3, 2021 08:07 IST In a significant move, the new rules bring insurance brokers within the ambit of the Ombudsman (Representational image) To facilitate speedy and cost effective resolution of complaints regarding deficiencies in insurance services, the Centre on Tuesday no...
Universal health programme approved LAHORE: Punjab cabinet has approved a universal health coverage programme to offer health insurance to entire population of the province by December 2021, besides winding up of anti-terrorism courts (ATCs) in Sargodha and Rawalpindi. Punjab Chief Minister Sardar Usman Buzdar chaired the 40th meeting of the provincial cabinet held on Monday. The cabinet also constituted a ministerial committee to ensure implementation of the universal health insurance programme in a timely manner. Moreover, the cabinet also approved establishment of Thal University in Bhakk...