14 April , 2022 Fdiindia
Irdai Might Be Going for 100 Percent FDI in ‘new’ Insurance Companies to Expand the Scope of the Sector
After two years of consideration and internal discussions, the Insurance Regulatory and Development Authority (IRDA) may allow 100% direct foreign investment in certain types of insurance. Such a change is hoped to provide the opportunity for FDI growth in sectors like health insurance or hybrid plans that go beyond basic life or motor coverage.
Teachers' Pension Plan consists of 5 primary groups. They are reit, private equity and capital markets-focused division, credit-oriented division, and also short-term real estate management. Their external asset manager is a subsidiary of the plan that includes financial services. It invests internationally in private equity and public bonds, has 34 branches worldwide, and manages CUR 29 billion in assets.
Canada Pension Plan Investment Board (CPP Investments) has C$19.6 billion invested in India across real estate, infrastructure, public and private equities, funds, and credit.
To all of the insurance intermediaries like brokerages and others, who bring together customers and insurance firms there is a 100 percent allowance for foreign investors who help facilitate our customers' journey by introducing them to insurance companies, this is a big THANK YOU.
Well, it's not just us saying it; Mr. Debasish Panda, Chairman of the Insurance Regulatory and Development Authority of India (Irdai) thanked you for your help in vouching for our customers during a speech at an event hosted by the insurance industry last week in Mumbai. It's gratifying to know that we do have partners we can trust to work with when helping to ensure that our customers are satisfied by making such a tremendous difference in their lives.
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