News From Press Insurance sector: Rural India needs insurance in sachet form

Insurance sector: Rural India needs insurance in sachet form

Source: Financial Express Feb 19, 2021

In the year 2000, foreign direct investment (FDI) was allowed in the insurance sector with a cap of 26% stake in joint venture with Indian partners. In 2015, then finance minister Arun Jaitley increased the FDI limit from 26% to 49% and the current finance minister Nirmala Sitharaman has further increased the FDI limit to 74%.

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