Question

How much can foreign companies invest directly in Indian insurance companies ​

Answer 1

Answer:

Subsequently, on 2 September 2019 the union government notified the Indian Insurance Companies (Foreign Investment) Amendment Rules 2019, which effectively increased the limit on FDI in insurance intermediaries to 100%. Pursuant to the amendment, Rule 9 of the Foreign Investment Rules has been amended.

Explanation:

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Answer 2

Till now, FDI in the insurance sector was capped at 49% under the automatic route. According to the policy, FDI for insurance company is still capped at 49%. The government's latest decision to ease FDI norms for the insurance sector will enableforeign brokerage companies to buy stake in Indian companies.

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