Govt. reviews FDI policy on insurance; hikes FDI in insurance Cos. to 74% under automatic route

The DIPP has reviewed the extant FDI policy on Insurance Sector and has allowed to raise FDI in insurance sector to 74% and 100% in insurance intermediaries. The Foreign investment upto 74% of the total paid-up equity of the Indian Insurance Co. shall be allowed on the automatic route subject to approval by IRDAI and compliance of the provisions of the Insurance Act, 1988

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