Browsing: FDI

The Indian government is set to introduce the Insurance Amendment Bill during the upcoming monsoon session of Parliament, aiming to allow 100% foreign direct investment (FDI) in the insurance sector.

The insurance sector in India is on the brink of significant changes, with potential reforms including increased foreign investment, composite licenses, and innovative customer engagement strategies.

Prudential Plc and HCL Group are partnering to launch a new health insurance company in India, capitalizing on recent changes in FDI regulations.

German insurance giant Allianz SE is set to fully exit its Indian insurance joint ventures with the Bajaj group, selling its stakes for a significant sum.

A new proposal by the Indian government could allow 100% foreign direct investment in its insurance market.