💨 Abstract

India's insurance regulator head suggested allowing 100% foreign direct investment in insurance to attract more investments and achieve the goal of "insurance for all by 2047." He also mentioned a unified license for insurers is in development, which would enable companies to operate across various insurance segments. Currently, India allows 74% FDI, and life insurers cannot sell health insurance, while general insurers can sell various products.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖