Finance Ministry notifies 100 pc FDI in insurance sector, amends FEMA Rules
NEW DELHI, May 2: The Finance Ministry on Saturday notified 100 per cent foreign direct investment (FDI) in the insurance sector under the automatic route. While 100 per cent foreign investment will be allowed in insurance companies and intermediaries, including brokers, under the automatic route, the cap is 20 per cent for Life Insurance Corporation [...]