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To build a self-reliant India, we need innovative solutions that empower our citizens. Startups like Ditto Insurance, supported by the #StartupIndia program, are doing just that by simplifying insurance and building trust in financial services. #AatmanirbharStartups

35,806 次观看 • 1 年前 •via X (Twitter)

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Highlights of The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 are: ✅There is a need to spread insurance awareness among people so that they can not only avail themselves of insurance to cover their risks but also receive their legitimate dues. The Policyholders’ Education and Protection Fund, which is being created out of the penalties levied by IRDAI, will be utilised for this purpose. ✅Better regulatory oversight of insurance companies' affairs will help ensure the orderly conduct of the insurance business. ✅We are introducing One-time registration for insurance intermediaries that would ensure uninterrupted services to citizens; promote ease of doing business for service providers, reduces regulatory delays and administrative compliance burden for intermediaries. ✅Our country needs further capital infusion into the insurance sector. This will ensure that we benefit from better technology, world-class risk assessment models and the best insurance products available anywhere in the world. The proposed removal of the upper cap on FDI in the insurance sector will be a significant enabler in meeting these objectives. We are thereby creating a conducive business environment for these entities. ✅We are standardizing the regulation-making process by introducing Standard Operating procedure for regulation making and mandatory public consultation on all regulations by IRDAI to ensure that the process is consultative and transparent. - Smt Nirmala Sitharaman in Lok Sabha. (1/n)

Nirmala Sitharaman Office

23,224 次观看 • 9 个月前