Home / Markets / News / Will one-licence regime revive trend in insurance stocks? Chart check here

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.

Web Exclusive Premium

A single licence regime is likely to bode well for insurance companies.

4 min read Last Updated : Dec 02 2022 | 12:48 PM IST

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

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in