DIPP allows 26% cap for FDI, FII, NRI investment in insurance

India Infoline News Service | Mumbai |

The DIPP guidelines have clarified that the foreign investment limit will consists of FDI, FII and NRI routes

The Department of Industrial Policy & Promotion (DIPP) on Wednesday has released new foreign direct investment (FDI) policy guidelines for the insurance sector while retaining the FDI cap at 26 percent.
The DIPP guidelines have clarified that the foreign investment limit will consists of FDI, foreign institutional investors (FII) and non resident Indian (NRI) routes.
The DIPP has also specified definitions of each of these four sectors and most of these definitions have been taken from the Insurance Regulatory and Development Authority (IRDA) rules and norms regarding insurance companies, insurance brokers, third party administrators and surveyors.
 

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