Irdai chief bats for 100% FDI in insurance to boost reach

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Debashish Panda, chairman of the Insurance Regulatory and Development Authority (Irdai), advocated for raising the foreign direct investment (FDI) ceiling in the insurance sector to 100% from the current 74%. He believes this move will attract more foreign players, bolster the industry's capital base, and help achieve the government's target of 'insurance for all' by 2047.

from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IWj8dBF

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