Will 74% FDIs in Insurance Sector put policy holders’ money at stake?

GIC 2021 Essay


That more and more FDIs can be infused into the Insurance sector, the Rajya Sabha permitted 74% FDIs in this sector on 18th March 2021. Previously the FDI limit was 49%. Permitting this investment in this sector means giving a foreign company the right to appoint a majority of directors and control the management system. It will directly influence the policy decision making of this sector.


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