Photo of Niyati Dholakia

Principal Associate in the General Corporate practice at the Mumbai office of Cyril Amarchand Mangaldas. Niyati is a chartered accountant and lawyer. She joined the firm in the year 2018. She advises Indian and international clients on matters involving mergers and acquisitions, private equity investments, general corporate advisory across various sectors including infrastructure, retail, manufacturing, services and insurance. In the past, she has also advised on various M&A deals from an income tax perspective and was a part of the direct tax practice at Cyril Amarchand Mangaldas. She can be reached at

Policy Wordings - Lost in Translation?

The reasons for lower insurance penetration in India are multifaceted. However, one of the main factors is limited financial literacy and awareness. Typically, legalese in the policy document makes interpretation and  understanding a challenge. Globally, the World Bank, OECD, and several other associations/ authorities have expressed the need for transparent communication to build consumer trust and confidence in the insurance industry. Given the current Indian demographics, the need of the hour is to simplify policy wordings to assist in greater financial awareness and aid the goal of insurance coverage for all.Continue Reading Policy Wordings – Lost in Translation?

FDI Liberalisation in Insurance Companies and Harmonisation of Insurance Regulations What Has Changed in the Year Gone By

The Union Budget 2021-22 announced the proposal to liberalise Foreign Direct Investment (“FDI”) in Indian insurance companies from the existing 49% to 74% with effect from August 2021. The aforesaid proposal was subsequently formalised by way of introduction of the Insurance (Amendment) Act, 2021 (“Amendment Act”), to amend the Insurance Act, 1938. Please click here to refer to our earlier blog for more details in this regard.Continue Reading FDI Liberalisation in Insurance Companies and Harmonisation of Insurance Regulations: What Has Changed in the Year Gone by?