India raised the cap on FDI in the insurance sector.
On March 12, 2015, the increase in foreign equity ownership limitation to 49 percent from 26 percent in Indian insurance firms was confirmed as law by India’s parliament.
Type: Entry and establishment (Ownership and control)
Industry: Services (Financial and insurance activities)
- Paliament of India, The insurance Laws (Amendment) Bill, 2015, Mar 12, 2015
- Debevoise.com, Up to 49% Foreign Ownership of Indian Insurers is Now Law, Mar 20, 2015