FDI increased from 49% to 74% in insurance By Daily Excelsior - February 1, 2021 Share FacebookTwitterWhatsAppPinterestLinkedinTelegramEmailTumblrReddItPrintKoo I propose to amend the Insurance Act 1938 to increase the permissible FDI limit from 49% to 74% in insurance companies and allow foreign ownership & control with safeguards: Finance Minister Nirmala Sitharaman. Follow our WhatsApp channel