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Insurance Act India News

19 Mar 2021

LIC employees protest against FDI limit hike in insurance sector

The LIC employees are protesting against the government's proposal to privatise the corporation and enhance the FDI limit in the insurance sector he All India Insurance Employee's Association (AIIEA) has called the strike along with other trade unions from the industry FM Nirmala Sitharaman proposed to amend the Insurance Act 1938 to increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies

Securities Appellate Tribunal (SAT)

31 Jul 2017

In landmark case, SAT stays IRDAI's order against Sahara Life

In a statement, Sahara India Life said SAT, condemning the order of Insurance Regulatory and Development Authority of India (IRDAI), also raised serious objection against the order.

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