{"id":78388,"date":"2022-12-19T14:52:00","date_gmt":"2022-12-19T09:22:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=78388"},"modified":"2022-12-19T15:35:09","modified_gmt":"2022-12-19T10:05:09","slug":"2-insurance-stocks-rally-amid-a-slew-of-amendments-check-the-details-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-insurance-stocks-rally-amid-a-slew-of-amendments-check-the-details-here\/","title":{"rendered":"2 Insurance stocks rally amid a slew of\u00a0amendments; Check the details here\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3255696072\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of General Insurance Corporation of India (GIC) and New India Assurance Company Ltd (NIAC) gained 11.97% and 7.91%, respectively by 01:23 PM on Monday. In fact, the shares of GIC reached a fresh 52-week high of \u20b9 188.15 apiece, on the National Stock Exchange (NSE). A slew of amendments to insurance laws is on the cards.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2312816517\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The state-owned insurers\u2019 shares have been on an uptrend. GIC gained 39.33% in the past month, while NIAC gained 44.06% during the same period. In comparison, the Sensex gained marginally (0.72%) in the past month.&nbsp;<\/p><p>According to a Business Standard report, the finance ministry has proposed a host of amendments to the insurance laws. These include granting insurers a composite licence to allow them to sell different financial products and increasing the retirement age of the chairman and whole-time members of the Insurance Regulatory and Development Authority of India (IRDAI).&nbsp;<\/p><p>In addition, the Department of Financial Services has also suggested that insurers can operate in multiple lines of business (general, life, and health), without having to seek separate licences from the regulator for each business, provided they meet the minimum capital requirements. This would require an amendment to the Insurance Act, 1938.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3774128470\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Further, it has suggested that insurance companies should be permitted to distribute other financial products (for example, mutual funds). It has also suggested doing away with the rigid requirements of capital for setting up an insurance company. Many of these suggestions were part of the recommendations that the IRDAI had sent to the government ahead of the upcoming Budget session.&nbsp;<\/p><p>The Department of Financial Services said that these amendments would enhance the financial security of policyholders, promote their interests, and improve their returns. Moreover, it would lead to the entry of more players in the insurance market, leading to economic growth and employment generation.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3098266161\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of General Insurance Corporation of India (GIC) and New India Assurance Company Ltd (NIAC) gained 11.97% and 7.91%, respectively by 01:23 PM on Monday. In fact, the shares of GIC reached a fresh 52-week high of \u20b9 188.15 apiece, on the National Stock Exchange (NSE). A slew of amendments to insurance laws is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-78388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2 Insurance stocks rally amid a slew of\u00a0amendments; Check the details here\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/2-insurance-stocks-rally-amid-a-slew-of-amendments-check-the-details-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2 Insurance stocks rally amid a slew of\u00a0amendments; Check the details here\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of General Insurance Corporation of India (GIC) and New India Assurance Company Ltd (NIAC) gained 11.97% and 7.91%, respectively by 01:23 PM on Monday. In fact, the shares of GIC reached a fresh 52-week high of \u20b9 188.15 apiece, on the National Stock Exchange (NSE). A slew of amendments to insurance laws is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/2-insurance-stocks-rally-amid-a-slew-of-amendments-check-the-details-here\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-19T09:22:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-19T10:05:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/index-4-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/index-4-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/2-insurance-stocks-rally-amid-a-slew-of-amendments-check-the-details-here\/\",\"url\":\"https:\/\/tradebrains.in\/features\/2-insurance-stocks-rally-amid-a-slew-of-amendments-check-the-details-here\/\",\"name\":\"2 Insurance stocks rally amid a slew of\u00a0amendments; 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