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| Raise FDI limit in insurance
Last Updated: 2009-07-01 19:20:29
We expect the new Government to continue with the financial reforms to further liberalise the insurance sector.
The Government should push forward the Insurance Amendment Bill, which has been pending parliamentary approval as it will provide the much-needed impetus to the sector.
Increasing the FDI limit from 26 per cent to 49 per cent would help customers with better products, more options and better service levels from insurance players. It would also help increase the much-needed penetration levels for insurance in the country.
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Rajesh Relan, Managing Director, MetLife India Insurance Company Ltd
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