In­sur­ance Laws (Amend­ment) Bill, 2014

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The In­sur­ance Laws (Amend­ment) Bill, 2014, wherein the Gov­ern­ment of In­dia has strength­ened the hands of in­sur­ance pol­i­cy­hold­ers while bring­ing in ad­di­tional trans­parency in con­duct­ing in­sur­ance busi­ness in In­dia, has been passed by both Houses of Par­lia­ment. On be­ing sent to the Pres­i­dent of In­dia and af­ter re­ceiv­ing pres­i­den­tial as­sent on the Bill, it will be­come an Act of Par­lia­ment and will then be known as In­sur­ance Laws Act, 2014 (as amended).

We list here cer­tain im­por­tant amend­ments for the in­for­ma­tion of our read­ers.

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