Union Cabinet approves bill to hike FDI limit in insurance sector to 100%
The Union Cabinet has approved a bill to raise the foreign direct investment (FDI) cap in India’s insurance sector from the existing 74% to 100%.[1] The proposal aims to attract more global capital, improve solvency, and deepen insurance penetration in India.[1] The move is expected to help insurers meet capital requirements for expansion, digitalisation, and new product development.[1] It may also encourage global insurance majors to take full management control of their Indian joint ventures.[1] The bill will now be introduced in Parliament for consideration and passage.[1] Regulatory changes by IRDAI would follow after legislative approval.[1] Concerns have been raised by some stakeholders about foreign dominance in a critical financial services segment, but the government argues it will boost competition and consumer choice.[1]
प्रश्न हल करें
The recently approved bill by the Union Cabinet proposes to raise the FDI limit in the insurance sector to which level?
उत्तर: (d) 100%
The correct answer is (d) 100%.