Govt proposes to raise FDI limit in insurance sector to 100%, seeks public comments

Nov 29, 2024

The central government has floated a few proposals for the insurance sector, including raising the FDI limit in Indian insurance companies from 74 per...

Insurance companies received Rs 53,900 crore FDI since December 2014: Official

Mar 18, 2024

The insurance sector has witnessed an influx of Rs 53,900 crore in foreign direct investment (FDI) from December 2014 to January 2024, Financial Services...

LIC employees stages protest in Ludhiana against FDI limit hike in insurance sector

Mar 19, 2021

Ludhiana (Punjab) [India], March 19 : Life Insurance Corporation (LIC) employees staged a protest in Ludhiana on Thursday against the government's decision to raise...

Finance Minister proposes to increase FDI limit to 74 pc in insurance companies

Feb 01, 2021

New Delhi [India], February 1 : Finance Minister Nirmala Sitharaman on Monday proposed to amend the Insurance Act 1938 to increase the permissible Foreign...

Government allows up to 20 per cent FDI in LIC under automatic route

Feb 26, 2022

New Delhi [India], February 26 : The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved a proposal to allow up to...

Zurich completes acquisition of 70 pc stake in Kotak General Insurance for Rs 5560 crore

Jun 19, 2024

The transaction marks the largest foreign investment in India's general insurance market and is the first by a foreign insurer since the foreign direct...