News From Press Finance Ministry backs raising FDI in insurance to 100%

Finance Ministry backs raising FDI in insurance to 100%

Source: ET Nov 29, 2024

The finance ministry on Thursday proposed 100% foreign direct investment (FDI) in insurance by removing the current limit of 74%, as well as a reduction the minimum paid-up capital that companies in the sector must have and allowing insurers to carry out one or more classes of businesses and activities related to insurance.

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