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FDI hike aimed at unlocking insurance sector potential: FM
Hindustan Times Pune
|July 29, 2025
Raising the FDI limit in insurance to 100% will help the sector achieve its full potential by growing at 7.1% per annum over the next 5 years, outpacing the global growth, finance minister Nirmala Sitharaman informed Parliament on Monday.
The finance minister in Union Budget 2025-26 had proposed to raise the limit of foreign investment in insurance sector from the existing 74% to 100%.
Raising the limit will eliminate the need for foreign investors to find Indian partners for the remaining 26%, 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 Lok Sabha.
This will attract stable and sustained foreign investment, increase competition, facilitate technology transfer, and improve insurance penetration in the country, she said.
This story is from the July 29, 2025 edition of Hindustan Times Pune.
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