INDIA: Amendments to foreign investment restrictions in the insurance sector

Monday March 2 2015

Amendments to the Consolidated FDI Policy of April 2014 have been announced in relation to insurance undertakings.

The current Policy provides for a 26% ownership cap applicable to foreign direct investors, foreign portfolio investors and non-resident Indians. This has been increased to 49%. Investment up to 26% will go under the automatic route, whereas beyond this it will be subject to approval.

Click on the above link for the revisions.