Indian government to lift FDI ceiling for insurers

argentIn order to bring capital into the insurance business, the Indian government is considering raising the Foreign Direct Investment (FDI) ceiling from 49% to 74%.

Funds ranging from 350 billion INR (4.25 billion USD) to 400 billion INR (4.85 billion USD) would be injected into the sector.

In 2015, the government rose the FDI ceiling from 26% to 49%. The insurance companies of the Indian private sector had then received nearly 300 billion INR (3.64 billion USD) in FDI.

Read also | Prudential rules to be maintained in India

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