Govt proposes 100% FDI Limit in Insurance, seeks public feedback
The Business Guardian|November 30, 2024
The central government has floated a few proposals for the insurance sector, including raising the FDI limit in Indian insurance companies from 74 per cent to 100 per cent, and enabling an insurer to carry on one or more classes of insurance business and activities.
TBG NETWORK
Govt proposes 100% FDI Limit in Insurance, seeks public feedback

Further, the requirement of Net Owned Funds for foreign re-insurers is also proposed to be reduced from Rs 5,000 crore to Rs 1,000 crore.

The government has invited comments on the proposed amendments to the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and Insurance Regulatory and Development Authority Act, 1999.

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Denne historien er fra November 30, 2024-utgaven av The Business Guardian.

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The Business Guardian

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The Business Guardian

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