Govt. reviews FDI policy on insurance; hikes FDI in insurance Cos. to 74% under automatic route

The DIPP has reviewed the extant FDI policy on Insurance Sector and has allowed to raise FDI in insurance sector to 74% and 100% in insurance intermediaries. The Foreign investment upto 74% of the total paid-up equity of the Indian Insurance Co. shall be allowed on the automatic route subject to approval by IRDAI and compliance of the provisions of the Insurance Act, 1988The DIPP has reviewed the extant FDI policy on Insurance Sector and has allowed to raise FDI in insurance sector to 74% and 100% in insurance intermediaries. The Foreign investment upto 74% of the total paid-up equity of the Indian Insurance Co. shall be allowed on the automatic route subject to approval by IRDAI and compliance of the provisions of the Insurance Act, 1988taxmann.com NewsRead More

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