{
Insurance Regulatory and Development Authority of India

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}

insurance amendment bill proposes 100 percent fdi and relaxed capital requirements

The Insurance Amendment Bill aims to increase the foreign direct investment (FDI) limit in the insurance sector from 74% to 100% and eliminate the Rs 100 crore minimum paid-up equity capital requirement. Additionally, it introduces a composite licence for companies to offer life, non-life, and health insurance products under one licence, promoting market entry and competition. The bill is pending cabinet approval before being presented in Parliament, with the goal of achieving "insurance for all" by 2047.
Moneycontrol
Indian Rupee Insurance Regulatory and Development Authority of India IND
Regulatory & Legal, Market Report
05:53 27.11.2024
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