India

India

Relaxation of Foreign Investment Limits in the Insurance Sector

02 Sep 2019

On 2 September 2019, the Ministry of Finance notified the Indian Insurance Companies (Foreign Investment) Amendment Rules 2019, which effectively abolished the existing ownership ceilings for FDI in insurance intermediaries.

Nature of measure:
  • Liberalization
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Financial and insurance activities)
Inward FDI:
No
Outward FDI:
No
Sources: