New Delhi, Feb. 1 -- Finance Minister Nirmala Sitharaman on Saturday announced that the FDI limit would be raised from 74 percent to 100 percent for insurance sector companies which invest their entire premium in India.
Presenting the Union Budget 2025-26 in the Lok Sabha, Sitharaman said, "The FDI limit for the insurance sector will be raised from 74 to 100 percent. This enhanced limit will be available for those companies which invest the entire premium in India".
"The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified" he added.
The move will help in paving the way for the entry of global insurance giants, substantial foreign investments and tough competition in the Indian insura...