The Finance Ministry on Saturday notified 100 in line with cent international direct funding (FDI) within the insurance coverage sector underneath the automated course.
Whilst 100 in line with cent international funding can be allowed in insurance coverage firms and intermediaries, together with agents, underneath the automated course, the cap is 20 in line with cent for Lifestyles Insurance coverage Company (LIC), mentioned the Overseas Trade Control (Non-debt Tools) (2d Modification) Laws, 2026.
The Parliament had handed the Sabka Bima Sabki Raksha (modification of insurance coverage rules) Invoice, 2025, in December, 2025, paving the best way for mountain climbing the FDI cap within the insurance coverage sector to 100 in line with cent underneath the automated course, from 74 in line with cent previous. Therefore, after the President’s assent, the Invoice changed into regulation.
Thereafter in February, 2026, the Division for Promotion of Trade and Inside Industry (DPIIT) underneath the Trade and Trade Ministry had notified 100 in line with cent FDI within the insurance coverage sector.
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