Post budget announcement on Insurance and Investment Banking Sector by Mr. Sharad Mathur, Managing Director and CEO, Universal Sompo General Insurance
Below the Post budget announcement on Insurance and Investment Banking Sector by Mr. Sharad Mathur, Managing Director and CEO, Universal Sompo General Insurance
“The recent increase in the foreign direct investment (FDI) limit from 74% to 100% in the insurance sector is another significant development for the industry, which is expected to accelerate insurance inclusion across the nation. This move is likely to attract substantial foreign capital while also fostering innovation and improving service quality through technological advancements. As a result, global insurance companies can now invest fully, and we anticipate the emergence of innovative products and services tailored to meet the diverse needs of Indian consumers.”
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