General insurance want FDI to be raised to 74 percent

General insurance firms are in favor of expanding the sector's ceiling on foreign direct investment (FDI) to 74%.

The General Insurance Council (GIC), India's representative body of general insurance, health insurance and reinsurance firms, met last week to discuss insurance companies ' views on how to increase the FDI. All the firms agreed to raise the FDI ceiling to at least 74%.

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