Government approves 100% FDI in insurance sector: Paves the way for foreign investment through automatic route; The limit in LIC will remain only 20%
The Central Government on Saturday (May 2) has approved 100% Foreign Direct Investment i.e. FDI in the insurance sector. Now foreign investors will be able to take full stake in Indian insurance companies through the automatic route, although the investment limit for LIC has been retained at 20% only. What are the conditions for insurance…
