News From Press As govt gears up for 100% foreign investment, insurers push for resident Indians in 2 of 3 key posts

As govt gears up for 100% foreign investment, insurers push for resident Indians in 2 of 3 key posts

Source: ET Mar 11, 2025

Some Indian insurance firms have urged the government to ensure that at least two of the three key management personnel (KMPs) - chief executive, chief financial officer and appointed actuary - at insurers are resident Indians when it allows 100% foreign investment in the sector.

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