The Rajya Sabha on Thursday passed the Insurance (Amendment) Bill, 2021 — which seeks to raise the foreign direct investment (FDI) cap in insurance sector to 74% from the current 49% — by voice vote, amid assurance by finance minister Nirmala Sitharaman that sufficient safeguards had been built in to protect the interests of policyholders.

Leave a Reply

Your email address will not be published. Required fields are marked *