Insurance Law Changes Set to Benefit Global Parents of JVs | Global Insurers may Have Easier Time as Key Curbs may Be Lifted

Amendments propose removal of key curbs, greater boardroom control Insurance Law Changes Set to Benefit Global Parents of JVs Shilpy Sinha Mumbai: Global insurers such as Generali and Ageas, which have already raised their stakes in Indian ventures to the maximum 74% allowed for foreigners, stand to gain from draft amendments to insurance laws that propose scrapping key curbs. The changes, which were proposed as draft on August 29 and are to be tabled in Parliament, ease conditions imposed in 2021 when the foreign direct investment (FDI) cap was lifted from 49% to 74%. Read more at Economic Times Mumbai | Economic Times Kolkata