RBI Gives Green Light for NBFCs to Sell Insurance Freely

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RBI Gives Green Light for NBFCs to Sell Insurance Freely

The RBI just gave a big thumbs-up to non-banking companies, letting them sell insurance without asking for permission first! Starting January 1, 2027, they can dive into the insurance pool, as long as they follow the rules from the insurance bigwigs. Banks can still help, but they must make it clear they’re just the friendly guides, not the sellers!