Ordinance Bill: Quote of Deepak Mittal - Edelweiss Tokio Life Insurance

Quote of Mr. Deepak Mittal, MD & CEO, Edelweiss Tokio Life Insurance:

“The passing of the ordinance is definitely a positive step and shows strong government intent for insurance reforms. However, actual FDI flows will depend on the legal technicalities of Ordinance versus Bill and the FIPB process. For an industry that has a large 'on ground' infrastructure that combines branches, employees as well as agents at the grass root level, this could be the big 'shot in the arm' for the financial inclusion steps that the government has been driving”