Bill raising insurance FDI cap from 74% to 100% to be tabled in Winter Session
Government will introduce a bill in the upcoming Winter Session to raise foreign direct investment (FDI) in the insurance sector to 100%, from the current 74%. The Insurance Laws (Amendment) Bill will deepen penetration, accelerate growth and development of the insurance sector and enhance ease of doing business. The Winter Session will see the introduction of 10 new draft legislations.