‘Fresh Off The Press’ – 74% foreign investment in insurance: Almost there?

To boost foreign investments in the insurance sector, the Indian Parliament has enacted the Insurance (Amendment) Act, 2021 (“2021 Act”), and the Indian government has amended the Indian Insurance Companies (Foreign Investment) Rules, 2015 increasing the permitted foreign investment in insurance companies from 49% to 74%. As a natural corollary, the requirement of insurance companies […]

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