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.
