Government notifies final rules for 74% foreign investment in insurance sector
Government notifies final rules for 74% foreign investment in insurance sector May 20, 2021 × Rules expected to benefit 23 private life insurers, 21 private non-life insurers and 7 specialised private health insurance companies The Finance Ministry has notified final rules for foreign investment limit of 74 per cent in the insurance sector, which came into effect on May 19, 2021. The new arrangement is expected to benefit 23 private life insurers, 21 private non-life insurers and 7 specialised private health insurance companies. Considering the capital required for pandemic induced expansio...
Source: thehindubusinessline.com