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FDI Cap Removal Aims to Boost Insurance Investment: FM
July 29, 2025
|The Statesman Bhubaneswar
With the increase in foreign direct investment (FDI) limit from 74 per cent to 100 per cent for insurance companies, the government aims to unlock the full potential of the Indian insurance sector, which is projected to grow at 7.1 per cent annually over the next five years, outpacing global and emerging market growth, Finance Minister Nirmala Sitharaman said on Monday.
According to the minister, this is an enabling provision which will help the interested insurers to explore hiking the FDI percentage.
"Further, this will eliminate the need for foreign investors to find Indian partners for the remaining 26 per cent, easing the process of setting up their operations in India, effectively increasing the number of insurers in the country," she said in a written reply to a question in the Lok Sabha.
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