 "Insurance, digital")
The Budget announcement raising the foreign direct investment (FDI) limit in the insurance sector from 49 to 74 per cent is bound to be welcomed by the White House. President Joe Biden gets a high approval rating from the US insurance universe which appreciates his strong support for a pan-national health cover, quite the opposite of former President Trump’s policies. Naturally, he had got much more campaign finance from the industry. So it was obvious that at some stage he was going to back US insurers’ quest for a larger space in the Indian insurance market.
For years, the US
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