Consolidated FDI Policy of India 2012 by DIPP. In this article Perry4Law and Perry4Law Techno Legal Base (PTLB) would discuss the FDI in the insurance sector of India under the consolidated FDI policy of India 2012.
FDI in Insurance sector is allowed up to 26% through automatic route. The following conditions must also be fulfilled in this regard:
(1) FDI in the Insurance sector, as prescribed in the Insurance Act, 1938, is allowed under the automatic route.
(2) This will be subject to the condition that Companies bringing in FDI shall obtain necessary license from the Insurance Regulatory and Development Authority for undertaking insurance activities.