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7. Failure to provide valid travel medical insurance | All Schengen visa applicants must present proof of medical insurance covering at least $32,500 for emergencies, hospitalisation, or repatriation. If the policy is invalid, incomplete, or does not cover all Schengen countries, the application will be refused. Proper insurance ensures travellers can handle unexpected health or travel emergencies abroad. (Image: Shutterstock)
finance
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CNBC TV18•31-12-2025, 08:00

FinMin Unlocks 100% FDI in Insurance: New Rules Boost Sector Growth

  • •FinMin amends Indian Insurance Companies (Foreign Investment) Rules, 2025, enabling 100% FDI.
  • •"Total foreign investment" replaced with "foreign direct investment," aligning with Foreign Exchange Management (Non-debt Instruments) Rules, 2019.
  • •FDI cap officially raised from 74% to 100% as per Insurance Act, 1938, operationalizing earlier announcement.
  • •Mandates resident Indian CEO, MD, or Chairperson for governance, irrespective of foreign ownership.
  • •Aims to attract long-term capital, improve insurance penetration, and strengthen the sector.

Why It Matters: New FinMin rules operationalize 100% FDI in insurance, aiming for sector growth and clarity.

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