India’s Insurance Act Amendment Bill, ‘Sabka Bima Sabki Raksha,’ aims for a structural overhaul of the insurance sector, including amendments to the LIC Act. The bill’s omission of open architecture for individual agents is seen as a relief for LIC, which relies heavily on its agent network.
PRISM’s IPO filing mentions Zostel case, CCI investigation
In its UDRHP-I filing to Sebi, the company any ‘adverse’ outcome in legal proceedings involving Zostel may materially and adversely affect its business, reputation, prospects,