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Govt's draft proposals tie insurance FDI hike to solvency margin

Draft proposes 180% if firms with over 49% foreign stake declare dividend

Topics
Insurance firms | Foreign Direct Investment FDI | Insolvency and Bankruptcy Code

Nikunj Ohri & Subrata Panda  |  New Delhi/Mumbai 



Insurance, digital, health cover
Foreign insurance joint ventures typically maintain a solvency margin of 180-200 per cent, and would not face any difficulty in maintaining this cap, said a senior government official

The finance ministry has proposed insurance companies with foreign ownership of more than 49 per cent will have to maintain a solvency margin of 180 per cent if they declare dividend payments in a financial year.

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First Published: Sat, April 17 2021. 06:10 IST

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