Insurance body GIC opposes govt nominee in life and non-life councils

Says both umbrella bodies are self-regulated and don't depend on funds from finance ministry; govt nominees may hamper their autonomy

Nikesh Singh |Business Standard | New Delhi
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Insurance body GIC opposes govt nominee in life and non-life councils

2 min read Last Updated : Jan 27 2023 | 10:19 PM IST

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The General Insurance Council (GIC), the grouping of non-life insurers, has opposed the move by the Finance Ministry to appoint a central government representative to the executive committees of both

Topics :Insurance firmsFinance MinistryNon-life insurancelife insurance industry

First Published: Jan 27 2023 | 8:31 PM IST

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