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FDI in insurance sector News

01 Feb 2021

Budget 2021: FDI cap in insurance sector raised from 49% to 74%

FM Sitharaman said, "I propose to amend the Insurance Act 1938 to increase the permissible FDI limit from 49% to 74% in insurance companies" The majority of the directors on the board of these insurance companies will have to be resident Indians, she said "Under the new structure, majority of directors on the board and key management persons would be resident Indians, with at least 50% being independent directors," she added

14 Aug 2015

HDFC to sell 9% stake in HDFC Life to UK firm for over Rs 1700 crore

HDFC on Friday said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.

12 Aug 2014

Insurance Bill likely to be introduced in Parliament today

With the deadlock between government and opposition continuing, the controversial Insurance Bill is likely to be introduced in Parliament on Tuesday.

FDI in insurance

06 Aug 2014

RSS-linked trade union opposes FDI in insurance, threatens stir

The government's headache over the controversial Insurance Bill grew Tuesday as RSS-linked Bharatiya Mazdoor Sangh threatened to go on a strike along with other trade unions opposing the legislation allowing 49 percent FDI in insurance sector.

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