The FDI cap in the insurance sector was hiked to 100% below the automated route from 74% earlier.
| Photo Credit: The Hindu
The Finance Ministry on Saturday (May 2, 2026) notified 100% overseas direct funding (FDI) in the insurance sector below the automated route.
While 100% overseas funding will probably be allowed in insurance firms and intermediaries, together with brokers, below the automated route, the cap is 20% for Life Insurance Corporation (LIC), stated the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026.
Published – May 02, 2026 07:22 pm IST