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FDI cap hike to raise insurance penetration, help attract overseas funds: Experts SECTIONS Last Updated: Feb 07, 2021, 01:06 PM IST Share Synopsis The proposed increase in FDI would also likely result in increased value for customers by way of more product options at reduced costs, he said. Getty Images New Delhi: Implementation of the Budget proposal to raise the foreign direct investment (FDI) limit in the insurance sector to 74 per cent will help attract overseas capital and enhance insurance penetration in the country, according to experts. Deloitte India Partner and Financial Services Industry Leader Sanjoy Datta said the announcement to raise the FDI cap in the sector was a much-awaited move by the government. It is in direct recognition of the requirement for significant capital inflows to provide adequate levels of insurance cover to the population, he added.

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