Plugging the gaps in FDI in insurance

Before 1999, the insurance sector in India was nationalized. No private sector or foreign insurance companies were allowed. In 1999, the insurance law was amended, opening the market to private firms as well as joint ventures with foreign partners. The amended law permitted foreign direct investment (FDI) only up to 26% in an Indian insurance company. Read more

Limitation period is key to insurance claims Subject: Misinterpretation of judgment causes havoc in insurance cases.

Backdrop: The limitation period means the time within which a person must file his case before a judicial authority for exercising Read more