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of <h1>India Revises FDI Policy: 26% Foreign Investment in Insurance Sector Allowed via Automatic Route, Effective Immediately.</h1> The Government of India has amended its policy on foreign investment in the insurance sector, revising paragraph 6.2.17.7 of the Consolidated FDI Policy from 2013. The revised policy permits up to 26% foreign direct investment (FDI) in insurance companies, brokers, third-party administrators, and surveyors and loss assessors through the automatic route. Companies must obtain a license from the Insurance Regulatory & Development Authority to conduct insurance activities. Additional conditions apply to bank-promoted insurance companies and definitions for insurance brokers and third-party administrators are provided. The changes are effective immediately.
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