This document is the official text of The Insurance (Amendment) Bill, 2021, presented in the Rajya Sabha. It outlines proposed changes to the Insurance Act, 1938, primarily to increase the permissible limit of foreign investment in Indian insurance companies from 49% to 74%. The bill also includes provisions for safeguarding foreign ownership and control, and omits certain explanations. This is essential reading for stakeholders in the Indian insurance sector, legal professionals, and policymakers interested in foreign investment regulations.
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