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      Question

      What is the maximum foreign investment allowed in an

      Indian insurance company?  
      A 26% Correct Answer Incorrect Answer
      B 49% Correct Answer Incorrect Answer
      C 51% Correct Answer Incorrect Answer
      D 74% Correct Answer Incorrect Answer
      E 100% Correct Answer Incorrect Answer

      Solution

      The Insurance Act, 1938 was amended in 2015 to increase the foreign investment limit in Indian insurance companies from 26% to 49%. In 2021, the government further increased the limit to 74% through the Insurance (Amendment) Act, 2021. Hence, option D is correct.

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