Foreign Insurers set to invest heavily in India

(BESTWIRE) India's latest move to liberalize its insurance sector may create the long-hoped-for opening for foreign insurance companies to advance into the under-developed market. But while business is thriving, foreign insurers must face reality checks in the form of the country's limited capacity for infrastructure and system supports, competition from public insurers, operating expenses and investment costs.

The Indian Parliament's raising of direct foreign investment limits in insurance ventures from 26% to 49%, if enacted in December, will mark a milestone in India's insurance industry since the opening