Govt. introduces bill to increase foreign investment in insurance companies from 49 % to 74 %

The Govt. has introduced Insurance (Amendment) Bill, 2021 in order to achieve the objective of Government’s Foreign Direct Investment Policy of supplementing domestic long-term capital, technology and skills for the growth of the economy and the insurance sector, and thereby enhance insurance penetration and social protection, it has been decided to raise the limit of foreign investment in Indian insurance companies from the existing 49 % to 74 %.The Govt. has introduced Insurance (Amendment) Bill, 2021 in order to achieve the objective of Government’s Foreign Direct Investment Policy of supplementing domestic long-term capital, technology and skills for the growth of the economy and the insurance sector, and thereby enhance insurance penetration and social protection, it has been decided to raise the limit of foreign investment in Indian insurance companies from the existing 49 % to 74 %.taxmann.com NewsRead More

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