Insurance Laws (Amendment) Bill - LIC likely to look at composite licence after passage of Bill
Reinsurers are prohibited from seeking registration of any other class of insurance business
Source: telegraphindia.com
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Reinsurers are prohibited from seeking registration of any other class of insurance business
Sources said LIC would take a call on composite licence and other issues emanating out of the passage of the Bill in a comprehensive manner taking into consideration the Life Insurance Corporation Act, 1956.
The proposed amendment to the definition of health insurance business is not exhaustive and may lead to disputes at the time of claims, said four unions in the Life Insurance Corporation of India (LIC).The Unions also said the proposed ...