Question : FDI IN INSURANCE SECTOR



(a) whether the Government has taken any decision to increase FDI limit in insurance sector;

(b) if so, the details in this regard; and

(c) if not, the time by which the decision is likely to be taken in the matter?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAW AN KUMAR BANSAL)

(a) to fc): A proposal to increase the Foreign Direct Investment limit in the Insurance Sector from 26% to 49% is under consideration of the Government.