Moved by Union Finance Minister Nirmala Sitharaman, the legislation proposes sweeping amendments to the Insurance Act, 1938, the Life Insurance Corporation (LIC) Act, 1956, and the Insurance Regulatory and Development Authority of India (IRDAI) Act, 1999.
Reflecting on its journey, LIC said that as it marks 69 years of operations, it takes pride in its growth, innovation, and unwavering commitment to excellence.
The Union Budget 2025-26 aims to initiate transformative reforms across six domains which will augment the country's growth potential and global competitiveness during the next five years, Union Finance Minister Nirmala Sitharaman said today while presenting the Union Budget 2025-26 in Parliament.
China's top insurance watchdog on Sunday decided to toughen supervision of the industry to guard against financial risks. Insurance regulators…
