Finance Ministry Notifies 100% FDI Rules For Insurance Sector:
India has taken a major reform step in the insurance sector by formally notifying rules to allow 100% foreign direct investment (FDI). The move aims to attract global capital, improve competition and deepen insurance penetration. While easing several governance restrictions for foreign invested insurers, the government has ensured Indian participation at the leadership level.The Ministry of Finance has notified final rules enabling 100% FDI in insurance companies. The rules remove the requirement for majority Indian directors but mandate that at least one top leadership role CEO, MD, or Chairperson must be held by an Indian resident.
