India Set to Revolutionize Insurance Sector with 100% FDI Proposal

The Indian government is poised to make a groundbreaking move in the upcoming Budget 2025, proposing to raise the Foreign Direct Investment (FDI) limit in the insurance sector from 74% to 100%. This bold step aims to attract global players, boost competition, and increase insurance penetration in the country. The proposed Insurance Amendment Bill is expected to be introduced during the Budget session of Parliament, potentially transforming the landscape of India's insurance industry and paving the way for significant capital inflows.

Source: Financial Express