Question

    What is the maximum foreign investment allowed in an Indian insurance company?

     

    A 26% Correct Answer Incorrect Answer
    B 49% Correct Answer Incorrect Answer
    C 51% Correct Answer Incorrect Answer
    D 74% Correct Answer Incorrect Answer
    E 100% Correct Answer Incorrect Answer

    Solution

    The Insurance Act, 1938 was amended in 2015 to increase the foreign investment limit in Indian insurance companies from 26% to 49%. In 2021, the government further increased the limit to 74% through the Insurance (Amendment) Act, 2021. Hence, option D is correct.

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