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FDI in insurance News

FDI in insurance

18 Mar 2016

Govt allows 49% FDI in insurance under automatic route

Seeking to attract more foreign investment, the government has relaxed FDI norms for insurance sector by permitting overseas companies to buy 49 percent stake in domestic insurers without prior approval.

29 Feb 2016

Govt proposes FDI relaxation in insurance, food processing

Finance Minister Arun Jaitley Monday proposed to significantly relax the FDI policy in several sectors, including insurance and pension and asset reconstruction companies, to attract more overseas investments.

FDI in insurance

21 Feb 2016

Govt mulling 49% FDI in insurance sector via automatic route

Government is considering a proposal to permit 49 percent FDI through automatic approval route in the insurance sector with a view to attracting more overseas inflows.

Foreign direct investment

02 Dec 2015

FDI in insurance jumps 152% to $341.43 million in March-September

Foreign direct investment in the insurance sector more than doubled to USD 341.43 million during March-September this year, Parliament was informed Wednesday.

19 Oct 2015

Insurance FDI: Indian promoters to decide on directors, CEO

With 49 percent FDI being allowed in insurance sector, regulator IRDAI Monday said Indian promoters will have control over appointment of majority of directors and that of key management persons, including CEOs.

19 Oct 2015

IRDAI issues guidelines on FDI in insurance firms

Total foreign investment, both direct and indirect, in Indian insurance companies cannot exceed the limit of 49 percent, regulator IRDAI said Monday.

16 Jul 2015

Managing change in industry top risk for insurers: Survey

Insurers in India perceive managing change in industry as the top risk to their business, which is in sharp contrast to overall global results that cite regulation as a major risk, says a recent survey.

28 May 2015

CCI clears AXA raising stake in insurance JVs with Bharti

AXA is the first foreign partner to increase its stake in a domestic insurance company after the government had approved up to 49 percent FDI in insurance sector in March, compared to 26 percent earlier.

11 May 2015

IRDAI seeks suggestions on proposed amendments to its rules

Insurance sector regulator IRDAI has sought public comments on proposed amendments to its existing norms pursuant to the introduction of Insurance Laws (Amendment) Act, 2015.

06 May 2015

Insurance bill passage shows firm commitment of Indian govt

Describing the passage of India's Insurance Bill - that raises the FDI cap to 49 per cent - as a "substantial step", an influential US insurance organisation has lauded the new government for going ahead with the economic reforms and infusing new energy.

05 May 2015

Insurance FDI: AXA to up stake in Bharti JVs for Rs 1,290 crore

The government has approved French insurance firm AXA raising stake in its life insurance joint venture with Bharti Group to 49 percent for Rs 858.6 crore.

14 Apr 2015

Indian economic reforms on right track: US

A series of reforms unleashed by India in recent months are "important steps" around open, predictable and rules based reforms, a senior American trade official has said, but insisted that more needs to be done to attract foreign investments in particular those from the US.

Global reinsurers

17 Mar 2015

After Llyod's, many other reinsurers keen to start operations in India

The move is expected to stimulate the insurance sector and help bring in over Rs 50,000 crore in fresh capital, according to experts.

13 Mar 2015

'Penalty of up to Rs 25 cr for mis-selling insurance policies'

The amended insurance law provides for a penalty of up to Rs 25 crore for mis-selling or misrepresentation of policies by agents or insurance companies to customers.

13 Mar 2015

Insurance-linked stocks end mixed after initial euphoria

Paring most of their initial gains, stocks of companies with interest in insurance sector today ended mixed in an overall weak stock market amid profit-booking after Parliament approved the Insurance Bill.

13 Mar 2015

'Rs 60,000 cr inflow likely in 5 years to insurance sector'

The foreign investment limit hike in insurance to 49 percent is likely to result in capital inflows of up to Rs 60,000 crore over the next five years, SBI said in a research report `Ecowrap'.

13 Mar 2015

US biz body hails passage of Insurance Bill in India

A leading business body in the US has hailed passage of the Insurance Laws (Amendment) Bill in India that raises the FDI cap to 49 percent, saying such a legislation would promote investment, create jobs and increase financial stability.

12 Mar 2015

Insurers eye billions of dollars as Par clears Bill

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent.

12 Mar 2015

Govt expects Rs 25,000 cr foreign investment in insurance sector

Foreign capital to the tune of Rs 25,000 crore is likely to flow into the insurance sector, with Parliament approving hike in foreign investment cap to 49 percent, Minister of State for Finance Jayant Sinha said Thursday.

Bharti Enterprises

12 Mar 2015

AXA will step up investment to 49%: Bharti

Following Parliament's passing the Insurance Bill, Bharti Enterprises Thursday said its foreign partner AXA will step up equity investment to 49 percent in the joint venture.

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