Insurance Sector to get 100% FDI UPSC - Iasexam.com
Finance Minister Nirmala Sitharaman announced the withdrawal of the insurance sector to 100% foreign direct investment (FDI), up from the previous restriction of 74%, to reinforce the sector. It has gone through a huge transformation, evolving from being ruled by the Life Insurance Corporation (LIC) to a more varied industry with numerous players providing a wide range of products.
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