Govt introduces Insurance Bill in Lok Sabha

The government on Tuesday introduced the Insurance Bill in the Lok Sabha which will replace an ordinance that was brought in to allow for higher foreign equity participation in Indian insurance companies.

Zee Media Bureau

New Delhi: The government on Tuesday introduced the Insurance Bill in the Lok Sabha which will replace an ordinance that was brought in to allow for higher foreign equity participation in Indian insurance companies.

The Bill has been introduced in Lok Sabha without withdrawing a similar bill that has been pending in the Rajya Sabha since 2008.

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