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Indian Govt pushes for 100% FDI in insurance industry

Written by Adam Cadle
18/11/2024

The Indian Government is set to implement major insurance sector reforms, which include permitting 100% foreign direct investment (FDI) and introducing more flexible regulations for insurance agents.

These latest measures are part of the proposed Insurance Amendment Bill, expected to be tabled during the winter session of Parliament, and are expected to attract international investment, increase competition, and enhance insurance penetration in India.

The FDI cap for insurance companies currently stands at 74%, and the country’s insurance penetration rate remains relatively low, at around 4%.


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