1. The Indian government has proposed increasing the FDI limit in insurance companies to 100%.
  2. The change aims to simplify foreign investment regulations in the sector.
  3. Insurers must invest the entire premium collected within India.
  4. Past restrictions on foreign ownership and control were eased in 2021.
  5. The amendment to the Insurance Act is awaited for final clarity.
  6. The move is expected to attract global insurance firms to the Indian market