<h1>Foreign investment cap in Indian insurance restricts aggregate foreign equity and requires approvals above the automatic threshold.</h1> A regulatory framework imposes a foreign equity investment cap on Indian insurance companies and specified intermediaries, mandates resident Indian ownership and control, allows FDI up to an automatic threshold without prior approval, requires government approval for FDI that raises foreign investment beyond that threshold up to the cap, subjects foreign portfolio investment to FEMA and SEBI rules, and requires adherence to RBI pricing guidelines; rules are effective from Gazette publication.