HDFC Life, SBI Life, ICICI Prudential Life, Container Corp to BEML II Impact of Budget Announcements highlights Motilal Oswal
Motilal Oswal highlights that the Government to increase FDI from 49% to 74% in insurance, this announcement will be positive for HDFC Life, SBI Life, ICICI Prudential Life in Insurance sector.
Finance Minister Nirmala Sitharaman on Friday proposed to amend Insurance Act, 1938 to increase FDI limit from 49% to 74% in insurance companies: Reuters