The Government of India, with a view to establish a globally competitive financial platform offering a full range of international financial services at the regional and global level, has approved the.
The idea of a composite licence has been welcomed by the insurance companies. The industry expects composite licences to give insurers the necessary economies of scale and customers the option to buy multiple products from the same insurer, in turn lowering the cost of distribution
Get latest articles and stories on India at LatestLY. A parliamentary panel on Tuesday suggested the introduction of composite licence for an insurer to undertake life, general, or health insurance under one entity to increase penetration of insurance in the country. India News | Par Panel for Introduction of Composite Licence for Insurers; Suggests Amendment in Act.
Cut GST rate on insurance, allow composite licensing: House panel financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.