Cabinet approves amendment of Insurance Act, paves way for 74% FDI limit
The Union cabinet has recently approved amendments to the Insurance Act for increasing the Foreign Direct Investment (FDI) limit to Read more
foreign direct investment
Budget 2021: How higher FDI cap in insurance will benefit policyholders
Finance Minister Nirmala Sitharaman in the Union Budget for 2021-22 on Monday proposed to liberalize foreign direct investment (FDI) in 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
Govt to take up insurance brokerage FDI in March
The government plans to include granting permission for foreign direct investment (FDI) upto 26% in the insurance broking sector under the automatic route in the consolidated FDI policy scheduled for a review in March. Read more
Foreign Direct Investment (FDI) in Retail: The game changer?
After two days of animated debate, the Lok Sabha voted in favor of Foreign Direct Investment (FDI) in retail yesterday. Sensex has rallied about 5% during last week in anticipation of favorable outcome from the parliament. This coupled with other recent reform measures announced by the government probably marks the beginning of the much needed second generation economic reforms in India. Read more
Insurance News: India: Foreign insurers line up as FDI increase looms
New players are eyeing a pie of India’s INR2.21 trillion (US$40.2 billion) insurance industry following the Cabinet’s approval last month to raise foreign direct investment (FDI) cap in the sector from the current 26% to 49%, reported the Hindustan Times. A partner of KPMG was quoted as saying that there is room for some 15 more players in the sector, going by the current low penetration of insurance products in the country. Read more
IRDA News: Insurance FDI may lure Rs 30k cr: IRDA
The increase in FDI limit in the insurance sector may attract Rs 30,000 crore that  the industry requires over the next five years, Insurance Regulatory and  Development Authority (IRDA) has said.
A day after the Centre announced its decision to allow up to 49 per cent Foreign  Direct Investment (FDI) in insurance, IRDA Chairman J Hari Narayan said the move  was essential as inflows are necessary for the sector to grow at 11 to 12 per cent. Read more
FDI in insurance, a long way to go?
Insurance players believe FDI proposal in their sector will take at least a year or two to be approved Read more