100% FDI will attract major global insurers, boost competition in India’s insurance market, says expert
India's insurance sector is set for a raft of changes. The government is likely to green light 100% FDI in the sector. Currently, 74% FDI is allowed in insurance. Earlier, speaking at the CNBC-TV18 Global Leadership Summit the chairman of insurance regulatory body IRDAI had said this is an opportune time to hike the FDI limit.
India's insurance sector is set for a raft of changes. The government is likely to green light 100% FDI in the sector. Currently, 74% FDI is allowed in insurance. Earlier, speaking at the CNBC-TV18 Global Leadership Summit the chairman of insurance regulatory body IRDAI had said this is an opportune time to hike the FDI limit.
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