Indian insurance sector may get USD 8-10 billion (over Rs 60,000 crore) of capital from foreign players with the passage of a new bill enhancing the FDI cap, according to report.
Industry experts and analysts are expecting a number of IPOs and M&A deals to fructify in the coming months.
“Foreign majors are keen to make large insurance footprint in India. The insurance sector is set for a major upgrade in its valuation,” said Sam Ghosh, CEO, Reliance Capital.
The equity research firm Grupo Novo Banco in its new report said that Foreign Direct Investment (FDI) in the Indian life insurance sector will rise substantially following the passage of the Insurance Amendment Bill.
