Times of India | Government notifies FDI changes on China funds

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The Centre has issued two major amendments to India’s foreign‑direct‑investment (FDI) policy. Effective May 1, firms with up to a 10 % Chinese shareholding may now invest under the automatic route, dropping the previous rule that required government approval for all investments from countries sharing a land border with India; the change, prompted by concerns from global investors, still excludes entities incorporated in China, Hong Kong or other bordering nations and applies only when “significant beneficial ownership” is below the 10 % threshold. Multilateral development banks such as ADB, NDB and AIIB are also exempted from country‑specific treatment. In addition, the government has opened the insurance sector to 100 % FDI, allowing full foreign ownership of insurers and intermediaries (brokers, TPAs, corporate agents), while limiting automatic‑route investment in the Life Insurance Corporation of India to 20 % and requiring the chairman or MD‑CEO to be an Indian resident. These steps aim to boost capital inflows amid a weak rupee.

Read more: https://timesofindia.indiatimes.com/business/india-business/government-notifies-fdi-changes-on-china-funds/articleshow/130724067.cms

#ADB #China #PMLA #ForeignInvestment #InsuranceCompanies

Health Insurance Scam? Woman Pays More WITH Coverage Than Without for Care

Why does insurance cost more than cash? This shocking story breaks it down. A viral story reveals how U.S. health insurance forces patients to pay more, not less.

undefined | After the storm - this applies to your insurance by Sweden Herald

After the Easter‑weekend storm Dave swept across Sweden, insurance companies have begun to receive a flood of claims. Trygg‑Hansa reported roughly 300 cases by Monday morning, while Folksam logged about 50 storm‑related reports during its on‑call hours and estimates a total of 500 claims – roughly half the volume seen after the winter storm Johannes. Experts note that, although the gust forces of Dave and Johannes are comparable, the affected area this time is smaller, which may explain the lower claim count. Nonetheless, both insurers are monitoring the situation closely and have not ruled out a surge similar to the 700 registrations recorded during Johannes.

The majority of the claims concern roof damage and debris from fallen trees that have struck homes. Many policyholders are also dealing with prolonged power outages, leading to secondary issues such as spoiled food. Insurers advise that, for food‑spoilage losses, customers should first contact their electricity provider before seeking compensation. Generally, wind speeds of at least 21 m s⁻¹ qualify a storm for potential home‑insurance payouts, covering damaged roof tiles, sheeting, plaster, or chimney cladding when struck by blown‑away objects.

For those whose property has been affected, compensation is typically subject to a deductible of a few thousand kronor, varying by insurer. Policyholders should review the terms of their home‑insurance policies to confirm coverage for storm‑related damage and follow the appropriate claim procedures. As the claims process unfolds, insurers continue to assess the full extent of the damage and advise homeowners to document losses promptly.

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#sweden #insurancecompanies #policyholders #home-insurance #storm-relateddamage

Christmas subjects. Sign on Acacia Mutual Life Insurance Co. Building welcoming World War II soldiers home, night view I ca. 1920-ca. 1950.
Horydczak, Theodor, approximately 1890-1971
1 transparency : color ; 8 x 10 in.

#WorldWarII #Horydczak #Theodor #WelcomeHome #DistrictofColumbia #Festivedecorations #Insurancecompanies #UnitedStates #Warwork #Washington(DC) #undefined

https://www.loc.gov/item/2019684967/