Fdi In Insurance

FinMin proposes to raise insurance FDI to 100%, composite licence provision

The finance ministry has proposed to amend various provisions of the Insurance Act, 1938, including raising foreign direct investment (FDI) in insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10. As per the proposal, the FDI limit in Indian insurance companies will be raised from 74 per cent to 100 per cent. This is the second public consultation that the DFS has sought on the proposed amendments to the Insurance Act 1938, the Life Insurance Corporation Act 1956, and Insurance Regulatory and Development Authority Act, 1999. The finance ministry in December 2022 invited comments on the proposed amendments to the Insurance Act, 1938, and the Insurance Regulatory Development Act, 1999. According to an office memorandum dated November 26, 2024, it is proposed to amend certain provisions of insurance laws to ensure accessibilit

DPIIT notifies 74% FDI cap in insurance sector under automatic route

The DPIIT has notified the government's decision to increase the foreign direct investment (FDI) limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier

LIC employees protest in Ludhiana against insurance sector's FDI limit hike

LIC employees staged a protest in Ludhiana against the government's decision to raise the Foreign direct investment (FDI) limit in the insurance sector to 74 per cent and to bring an IPO of the LIC

FM promises safeguards; Rajya Sabha passes Bill to hike FDI in insurance

Bill provides that no insurer shall invest policyholders' funds outside India, says government

LIVE: Rajya Sabha passes bill to hike FDI in insurance sector to 74%

By raising the FDI limit to 74%, the current provision of control being vested with Indian companies had to be dropped. Stay tuned for Latest LIVE news

Why higher FDI threshold could deepen, widen market for insurance products

Budget 2021 raised the FDI limit in the insurance sector from 49 to 74 per cent

Budget 2021: Govt proposes to increase FDI cap in insurance sector to 74%

The government on Monday proposed to increase foreign direct investment limit in the insurance sector to 74%, a move aimed at attracting overseas players.

Private insurers not keen on higher FDI cap despite Sitharaman's offer

They are comfortable as their balance sheets are not leveraged and premium growth is robust

Budget impact: FDI cap in insurance sector may be raised to 74%

The govt is also looking to allow FDI in information utilities at 100% through govt approval route

Govt may allow 100 per cent FDI in insurance broking to attract more funds

The FDI policy, at present, allows 49 per cent foreign investment in the insurance sector