Chennai, Aug. 25 -- Does the Indian insurance industry have second thoughts about some of the amendments proposed to the insurance laws? Or whether the government itself is planning to have a relook at the proposed amendments?These questions arise as the industry is silent on the delay in the introduction of the amendment bill in the Parliament said an industry expert.
And the first Chairman of the Insurance Regulatory and Development Authority of India (IRDAI) N.Rangachary who had paved the way for the private players came out strongly against some of the amendment proposals - saying `God save the industry'.
Some of the major changes proposed are - composite licence, reduction in minimum capital to allow regional players, changes in the ...