Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 29 JUNE 2015

Boon Of New Amended Insurance Laws

S&A Law Offices
S&A Law Offices
Contributor
S&A Law Offices

S&A Law Offices

S&A Law Offices is a full-service law firm headquartered in Delhi NCR. The firm has 300+...

View firm profile
Explore more from S&A Law Offices

One of the vital aspects of the new Bill is the technology of facilitating the issuance of the electronic policies.

IndiaInsurance
Shivanand Singh
Shivanand Singh
Author LinkedIn connections

The new Insurance Bill, 2015 passed on dated 12.03.2015 by the parliament is aimed to foster varieties of multilateral advantages for the Indian economy and basically the Insurance sector. This Bill is a manifestation of a logical step to re-energies the Insurance sector as well as the economy of India. It will lay its positive effects from the view of social, institutional and international impacts.

Out of its various impacts one of the very vital aspects is that the hike in the FDI limit in Indian Insurance Company up to 49% from present 26 %, will bring major economic reforms and economy Changes in country. It will cause its effect on other sectors as well and will lead to good impacts overall. Keeping aside its meager pros & cons, remarkable advantages of this new Bill can be summarized as below.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

India’s IRDAI Overhauls The Insurance Company Share Transfer And Amalgamation Framework

On July 30, 2026, the Insurance Regulatory and Development Authority of India (the “IRDAI”) notified the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) (Amendment) Regulations, 2026 (the “Amendment Regulations”), amending the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024 (the “Principal Regulations”).
IndiaInsurance
Majmudar & Partners
Majmudar & Partners
Article

IRDA Proposes To Recalibrate The Economics Of Insurance Distribution

The Insurance Regulatory and Development Authority of India (“IRDAI”) released a public consultation paper last month titled, “Recalibrating Economics of Insurance Distribution” (the “PCP”), inviting stakeholder comments. Aligned with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, the PCP addresses IRDAI’s concern that distribution costs have risen disproportionately to premium growth without corresponding improvements in policyholder outcomes or insurance penetration.
IndiaInsurance
Majmudar & Partners
Majmudar & Partners
Article

Understanding Forgery And Use Of A Forged Document

“Commercial disputes being given a criminal colour” is a routine issue faced by criminal courts across the country, and the Hon’ble Supreme Court of India has also quashed several criminal complaints pertaining to commercial/civil claims for that reason. It is important to note that, in such criminal complaints, the usual allegations involve offences of cheating, criminal breach of trust, forgery, and the use of forged documents.
IndiaCriminal Law
S&A Law Offices
S&A Law Offices