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首页> 外文期刊>International Journal of Economics & Management Sciences >Impact Analysis of FDI on Insurance Sector in India
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Impact Analysis of FDI on Insurance Sector in India

机译：外商直接投资对印度保险业的影响分析

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Parliament has passed Insurance Laws (Amendment) Bill, 2015. It was first passed in Lok Sabha on 4 March 2015 and later in Rajya Sabha on 12 March 2015, which will become an Act when the President signs it. The amendment bill aims to bring improvements and revisions in the existing laws relating to insurance business in India. The bill also seeks to remove archaic provisions in previous laws and incorporate modern day practices of insurance business that are emerging in a changing dynamic environment, which also includes private participation. It is expected that the foreign investment would bring about `20,000-`25,000 crore in short funds. The amendment bill hikes Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from present 26 percent. The foreign investment in insurance would be routed under foreign direct investment,foreign portfolio investment,foreign venture capital investment,depository receipts,and non resident indians. Insurance companies are permitted to raise capital through instruments other than equity shares. Instruments would be specified through separate regulations by the Insurance Regulatory and Development Authority of India (IRDA). However, the voting rights of shareholders are restricted only to equity shares. Sale of shares over 1% of the total equity share capital and purchase of shares resulting in total equity share capital of more than 5%, requires the prior approval of the IRDA. It also adds provision for the establishment of Life Insurance Council and the General Insurance Council. These councils will act as self-regulating bodies for the insurance sector. The bill also grants permission to PSU general insurers to raise funds from the capital market and increases the penalty to deter multilevel marketing of insurance products. There is a strong relationship between foreign investment and economic growth. Larger inflows of foreign investments are needed for the country to achieve a sustainable high trajectory of economic growth. A major role played by the insurance sector is to mobilize national savings and channelize them into investments in different sectors of the economy. FDI in insurance would increase the penetration of insurance in India; FDI can meet India’s long term capital requirements to fund the building of infrastructures. The present paper focuses on the overview of the Indian insurance sector along with the opportunities due to expansion of FDI in insurance in India and the major challenges that it faces.
机译：议会通过了2015年《保险法（修正案）法案》。该法案于2015年3月4日在洛沙卜哈通过，随后于2015年3月12日在拉贾亚沙拜通过，当总统签署该法案时将成为一项法案。该修正案旨在对印度有关保险业务的现行法律进行改进和修订。该法案还试图删除以前法律中的过时规定，并纳入在不断变化的动态环境中兴起的现代保险业务惯例，其中还包括私人参与。预计外国投资将带来20,000到25,000千万美元的短期资金。修正案将保险业的外国直接投资（FDI）上限从目前的26％提高到49％。外国对保险的投资将按照外国直接投资，外国证券投资，外国风险投资，存托凭证和非居民印度人的方式进行。允许保险公司通过股权以外的其他工具筹集资金。印度保险监管与发展局（IRDA）将通过单独的法规来指定工具。但是，股东的投票权仅限于股权。出售股份超过总股本的1％，购买股份导致总股本超过5％，需要获得IRDA的事先批准。它还增加了建立人寿保险理事会和一般保险理事会的规定。这些理事会将充当保险业的自我监管机构。该法案还允许PSU普通保险公司从资本市场筹集资金，并增加罚款以阻止保险产品的多层次营销。外国投资与经济增长之间有着密切的关系。该国需要大量的外国投资才能实现经济增长的可持续高轨迹。保险业的主要作用是调动国民储蓄，并将其用于经济的不同部门的投资。保险业的外国直接投资将增加保险在印度的渗透率;外商直接投资可以满足印度的长期资本需求，为基础设施建设提供资金。本文着重介绍印度保险业的概况，以及印度保险业外国直接投资的扩张带来的机遇及其面临的主要挑战。

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