New Delhi, March 4 -- The government may consider allowing overseas insurance firms to appoint expat managers in key managerial positions such as managing director or chief executive with some safeguards and also allow them to repatriate their entire dividend income, two people familiar with the matter said.
The move, they added is in continuance with the announcement made in Union Budget 2025-26 allowing 100% foreign direct investment in insurance subject to conditions. The previous ceiling was 74% .
The intent is to give a free hand to a foreign entity to run the company where its ownership is 100%, but with the stipulation that the foreign investor would follow rules framed by the sector regulator -- the Insurance Regulatory and Develo...