Parliament approves 100% FDI cap in insurance sector
after close1 source ↓written by the desknot a recommendation
- insurance sector
- 100%
- 74%
Parliament passed the Sabka Bima Sabki Raksha Bill, raising foreign direct investment (FDI) in the insurance sector to 100% from 74%. This change aims to attract more foreign capital, enhance global governance standards, and improve insurance penetration in India. Finance Minister Nirmala Sitharaman emphasized that this move will encourage foreign insurers to enter the market, boosting competition and innovation.
Not investment advice. For informational purposes only.