Government's move to relax FDI limit for insurance a big boost for small insurers

After years of deliberation, the Indian government has increased the Foreign Direct Investment (FDI) limit in insurance companies to 74% against the current 49%, Finance Minister Nirmala Sitharaman announced on Monday in the Union Budget of 21-22 albeit some “safeguards”.

from Banking/Finance-Industry-Economic Times https://ift.tt/3oCOKsT