LUCKNOW, Feb. 27 -- Samajwadi Party chief Akhilesh Yadav on Thursday voiced opposition to the Centre's decision to allow 100% foreign direct investment (FDI) in insurance sector. Flaying the move, he said it poses significant risks to industry stability and leaves Indian policyholders' interests vulnerable. Yadav also asked the government to remove tax on insurance premium.

In a post in Hindi on X, the SP chief wrote, "Dear 'Indian policyholders'. Isn't allowing 100% foreign investment in insurance sector like putting the entire insurance sector at risk by the BJP-led government? Sometimes, due to various reasons, there are ups and downs in foreign relations. In such a situation, if there is any disruption, how will the responsibility an...