Foreign stakes in insurers’ parent not to count for FDI
The finance ministry clarified the doubts on the fact that the foreign shareholding in parent companies of insurance ventures Read more
FDI
DFS paves way for $3 bn inflow into insurance
The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank’s proposal to increase the foreign Read more
Global body pitches for hike in FDI cap in insurance
Pitching for higher FDI limit in India’s insurance sector to 49 per cent, a global body of insurers has said the hike will generate more jobs and enhance the country’s standing in global financial markets. Read more
Insurance Bill retains proposal to raise FDI cap to 49%
Despite a parliamentary standing committee’s firm stand against hiking the 26% foreign direct investment cap in insurance, the government has decided to approach Parliament with its original proposal to hike the limit to 49%, considering the sector’s huge capital needs. Read more
Insurance industry assets to touch Rs 30 lakh cr in 5 yrs: IRDA
The size of funds managed by insurers in the country is expected to reach a whopping level of Rs 30,00,000 crore over the next five years, marking a 70 per cent jump from current level, outgoing insurance regulator J Hari Narayan said recently. Read more
FDI no threat to LIC, says chairman
Life Insurance Corporation (LIC) of India, country’s largest insurance service provider, is not concerned about increased foreign direct investment (FDI) in insurance sector. LIC chairman D K Mehrotra said recently that the company is market leader in insurance sector and the FDI won’t affect them. Read more
Liberalisation of Insurance Sector : New Dimensions
The world has become a global village. The Liberalisation, Privatization and Globalisation (LPG) wave has sweeped across the global economies. The two pillars of India’s economic policy before 1991 have been protection and public sector. Read more
Edelweiss Tokio Life Insurance to pump in Rs 1,000 cr capital in 5 yrs
Edelweiss Tokio Life Insurance, a 74:26 JV between Edelweiss Capital and Tokio Marine, plans to infuse Rs 1,000 crore capital in the next five years to fuel its business. Read more
Insurance amendment bill not to be taken up in Winter Session
Insurance amendment bill, which seeks to raise the FDI cap in the private sector insurance companies to 49 per cent from 26 per cent, is expected to be deferred to the next session. Read more
After winning FDI vote, Indian government vows to push ahead with pro-investor measures
India’s Congress Party-led government is vowing to press forward with pro-investor reforms after defeating Opposition motions, in both houses of Parliament, that condemned its decision to open India’s retail sector to multi-brand Foreign Direct Investment (FDI). Read more