<h1>India Caps Foreign Investment in Insurance at 49%; FIPB Approval Needed for 26-49% FDI; Local Control Required.</h1> The Indian Insurance Companies (Foreign Investment) Rules, 2015 have been implemented, setting a foreign equity investment cap of 49% for all Indian insurance companies. Foreign Direct Investment (FDI) up to 26% is permitted automatically, while FDI above 26% and up to 49% requires approval from the Foreign Investment Promotion Board (FIPB). These rules also apply to insurance brokers, third-party administrators, surveyors, and other intermediaries. The rules ensure that ownership and control remain with resident Indian entities. Foreign Portfolio Investment is subject to FEMA and SEBI regulations, with compliance to Reserve Bank of India pricing guidelines.