Centre Notifies 100% FDI In Insurance Sector

by · Inc42

SUMMARY

  • The Centre has allowed up to 100% foreign direct investment (FDI) in insurance companies under the automatic route
  • The government said that the  measure is expected to attract stable long-term investment, facilitate technology transfer, support greater insurance penetration and social protection
  • Under the new rules, foreign investment in insurance companies would not require prior government approval, but will remain subject to regulatory clearance from IRDI