Bengaluru: The Union Cabinet on Friday approved a landmark decision to permit 100% foreign direct investment (FDI) in the insurance sector. This pivotal reform is set to attract substantial global capital, enhance market competitiveness, and significantly deepen insurance penetration across the country.

This reform brings clarity, confidence and long-term capital into a growing sector that plays a central role in strengthening financial security. “Global expertise and sustained investment can help accelerate innovation, improve consumer experience and expand access across the country. The move is well-positioned to raise the overall quality of service, unlock significant new capital and support India’s long-term vision for broader insurance coverage,” said Sarbvir Singh, Joint Group CEO,

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