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The new foreign direct investment norms for insurance intermediaries

by Majmudar & Partners | Nov 14, 2019 | Foreign Investment, Insurance Law

Background Previously, foreign direct investment (“FDI”) in insurance intermediaries was treated at par with FDI in insurance companies and was restricted up to 49% under the automatic route.  Insurance intermediaries (including, insurance brokers, re-insurance...

India – key changes affecting foreign investment in the insurance sector

by Majmudar & Partners | Mar 13, 2015 | Foreign Investment, Insurance Law

Introduction On December 26, 2014, the President of India promulgated the Insurance Laws (Amendment) Ordinance, 2014 (the “Ordinance”) to amend the Insurance Act, 1938 (the “Act”), the General Insurance Business (Nationalisation) Act, 1972, and the Insurance...

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