FM proposes increase in FDI cap in insurance sector to 74%

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FM proposes increase in FDI cap in insurance sector to 74%

ET OnlineLast Updated: Feb 01, 2021, 11:58 AM IST

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Synopsis

The insurance sector, both life and health, have assumed importance in the post-pandemic phase. High medical costs associated with Covid-19 have made people realise the value of having a good health insurance plan.

In her 2019 Budget speech also, the FM had hinted that the FDI cap could go up to 74%.

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