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News
FDI in insurance
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.
Budget 2016
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.
insurance
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.
IRDAI
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.
insurance
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.
CCI
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.
IRDAI
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.
insurance bill
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.
insurance
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.
India
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.
insurance
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.
insurance
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.
insurance
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'.
insurance
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.
insurance bill
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.
insurance bill
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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