Parliament approves 100% FDI cap in insurance sector
pre-market1 source ↓written by the desknot a recommendation
- insurance sector
- 100%
- 74%
Parliament has passed the Sabka Bima Sabki Raksha Bill, raising the foreign direct investment (FDI) cap in the insurance sector to 100% from 74%. This change is expected to attract more foreign capital and enhance insurance penetration in India. Finance Minister Nirmala Sitharaman highlighted that this move will facilitate the entry of global insurers, improving market competitiveness and innovation.
Not investment advice. For informational purposes only.