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Govt wants insurance payouts to replace its compensation in managing natural disasters: DFS Secy

Govt wants insurance payouts to replace its compensation in managing natural disasters: DFS Secy

L to-R-Hitesh Kotak, Chief Executive, Japan, India, Korea, and South-East Asia at Munich Re,Krishna S Vatsa, Member, NDMA,Safi Ahsan Rizvi, Advisor (Mitigation), NDMA, M Nagaraju, Secretary, Department of Finance (DFS), Mandakini Balodhi, Director(Insurance),...

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100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth

Draft Insurance Laws Amendment Bill in advanced stages, to be tabled in Parliament shortly: Minister Pankaj Chaudhary

Pankaj Chaudhary,Minister of State for Finance M Nagaraju, Scretary, DFS, mentioned that to ensure greater consistency, consumer protection, transparency, and grievance redressal, the department is proposing setting up a unified forum where regulators and authorities...

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