Will one-licence regime revive trend in insurance stocks? Chart check here

Among individual stocks, even as SBI Life trades record high the stock has been unable to enter unchartered territory. The proposed changes to the sector may help revive sentiment going forward.

Jobs, Insurance, Irdai
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A single licence regime is likely to bode well for insurance companies.

Avdhut Bagkar Mumbai
The insurance sector seems set for a major revamp with likelihood of a single licence for all products, and permission to cross-sell other financial instruments.

The finance ministry has proposed a host of amendments to the insurance laws — from granting insurers a composite licence to allowing them to sell different financial products, and increasing the retirement age of the chairman and whole-time members of the Insurance Regulatory and Development Authority of India (Irdai). READ MORE

An amendment to issue one composite licence for insurance companies to operate in multiple businesses would certainly act as a major booster for the industry. Presently, when an insurance company wants to bring multiple segments such as general, life and health insurance

First Published: Dec 02 2022 | 12:42 PM IST

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