Thursday, July 25News That Matters

Insurance Stocks to invest in after 49% FDI buzz


Finance Ministry is contemplating raising FDI cap in the sector from 26 %  to 49 %  with some riders.

 “We might increase FDI cap in insurance without commensurate increase in voting rights. We talked with stakeholders and also held high level meeting in ministry,” a senior ministry official said.

The official further said that the government may raise the FDI cap in the sector gradually beginning with non-life and health followed by life insurance segment.

You can consider investing in following Insurance companies shares :

  • Reliace Capital
  • Max India
  • Bajaj Finserv
  • Religare Enterprises

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