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FDI insurance News

Year Ender 2015

30 Dec 2015

Insurance FDI cap hike sees inflow in Joint Ventures; $1billion likely in 2016

The long pending demand of insurance players for raising the FDI cap to 49 percent was fulfilled this year leading to greater flow of foreign funds into India's private JVs and the move is expected to further attract over Rs 6,000 crore into the sector during 2016.

Foreign direct investment

08 Jan 2015

FDI hike would benefit Indian private non-life insurers: Moody's

The increase in foreign direct investment (FDI) limit by 23 percent to 49 percent is expected to alleviate the capital pressure on Indian private non-life insurers, global credit rating agency Moody`s Investor Service (MIS) said Thursday.

Public sector insurer

13 Sep 2014

LIC favours raising FDI cap in insurance sector to 49%

Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee that is evaluating amendments to a Bill pending for four years in Rajya Sabha.

05 Aug 2014

PM faces early resistance in insurance reform push

Jaitley needs the support of the opposition in the 250-member upper house of parliament where his Bharatiya Janata Party (BJP) and its allies have about 60 members.

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