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100% FDI can attract ₹10-lakh-crore capital: Bajaj General Insurance chief
Financial Express Chennai
|December 11, 2025
BAJAJ GENERAL INSURANCE Managing Director and CEO Tapan
Singhel has sought a complete opening up of the general insurance sector, advocating for 100% foreign direct investment (FDI) to enhance penetration, which currently remains at a low single-digit in terms of percentage."Implementing a 100% FDI policy will attract new investments and expand the general insurance industry. Globally, there are approximately 10,000 general insurance companies, yet only about 70 operate in India. If just 10% of these global firms enter the Indian market, it could lead to FDI of ₹10 lakh crore and creation of 25 million jobs," Singhel, who is also the chairman of the General Insurance Council, said.
This story is from the December 11, 2025 edition of Financial Express Chennai.
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