Foreigners’ equity in local insurers’ share capital

The new Indian government could increase foreign companies’ equity in the capital of local insurance companies. Currently set at 26%, this rate may soon move to 49%. The right to vote shall not however exceed 26%.

On the other hand the authorities are also hoping to require all insurers to offer health insurance while increasing tax exemptions for these products. This expected measure is due to the increasing cost of health insurance in the private sector.