Rajneesh Jha (Financial Wellness)
February 3, 2025 at 12:24 PM
Will 100% FDI Keep Foreign Insurers in India? Or Is It Too Late?
📌 2001:India opened its doors to private insurers. Foreign players rushed in, partnering with Indian firms to tap into a booming market.
📌 Present Day:Many of these foreign players are pulling out. Why? Indian insurers have grown up!🚀 They no longer rely on their foreign partners—just look at Kotak, DHFL, Zuno and Acko etc.
🏛️ The Government’s Tug-of-War with Foreign Insurers
To keep foreign players engaged, India tweaked its Insurance Laws multiple times:
✅ 2015: FDI cap raised from 26% to 49%, but Indian control was mandatory—foreign firms found this restrictive.
✅ 2021: FDI limit increased to 74%, but only 3-4 insurers actually allowed foreign partners full ownership.
Read More here:- https://x.com/rajneesh__jha/status/1886387680990183859?s=46