The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Indians throng a street of a wholesale market on World Population Day in New Delhi, India, Friday, July 11, 2014.
Indians throng a street of a wholesale market on World Population Day in New Delhi, India, Friday, July 11, 2014.
(Saurabh Das/AP)

Canadian insurers see opportunity in looser India investment rules

The new government in India is planning to allow more foreign investment in the insurance market, an effort to boost the industry that could lead to opportunities for some of Canada’s largest players.

The government plans to increase the cap on foreign investment to 49 per cent from 26 per cent. This means insurers still won’t be able to take total control of the companies, but could invest deeper in the region alongside local partners.