Budget 2024 insurance changes: The government is set to introduce a Bill proposing significant changes to the Insurance Act. This could include of composite licenses for the insurance companies that allows life insurers to offer health and general insurance policies, simplifying investment rules, and facilitating easier registration for intermediaries and allowing insurers to distribute other financial products. This would create a more holistic insurance market with insurers offering bundled products catering to diverse customer needs. Read The Rest at :
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