Up To 49% Foreign Ownership Of Indian Insurers Is Now Law

14 May 2015
FC&S Legal

The increase in foreign equity ownership limitation to 49% from 26% in Indian insurance firms recently was confirmed as law by India’s parliament. The Insurance Laws (Amendment) Bill, 2015 (the “Bill”) ended the uncertainty around the recently-promulgated presidential ordinance that brought in this change. The prior 26% cap had been a significant limitation on foreign investment and insurance companies looking to scale up their local operations.