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AXA raises stake in Indian insurance JVs to 49%

The government earlier this year allowed foreign ownership in the $50 billion Indian insurance sector to up to 49 per cent from a maximum permissible 26 per cent stake, a move that is aimed at giving a boost to the capital-starved sector.

Life Insurance Corporation may to buy 10 per cent stake in Central Depository Services from BSE in a deal that may value the leading depository at about Rs 825 crore.
Young people think life insurance is something you need to think about when you get old. But that is a big myth

The insurance industry is getting digitally savvy giving policyholders the comfort of buying and managing their policy and that too at lower costs.
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