The finance minister in her budget speech had proposed to increase the FDI limit in insurance companies to 100%, with an additional commitment to review and simplify the existing conditionalities associated with foreign investment. This aligned with the Government’s proposal issued in November 2024, that envisaged revamping of the legislative framework for the Indian insurance sector by introducing amendments to the existing regulatory framework.
Please click here to read the full article by Partners – Sidharrth Shankar and Shivangi Sharma Talwar published in Lexology.
Shivangi Sharma Talwar is a partner, specialising in mergers and acquisitions, investment transactions, strategic buyouts in the insurance sector.