Full FDI to Attract Global Insurance Distributors - Amit Jain

A day after the Union Budget was presented by finance minister Nirmala Sitharaman, Amit Jain, President - Personal Lines, Bancassurance & Affinity and Marketing at Liberty General Insurance, said “The budget proposal on full FDI will attract global insurance distributors for setting up their shops in the country without worrying about finding a suitable local partner and ownership and control issues.”

Precisely speaking, the finance minister has proposed 100% foreign direct investment (FDI) in insurance intermediaries. The move to allow 100 per cent FDI has been welcomed by the insurance industry. Industry experts are anticipating that this step will give the much-needed long-term capital for the sector. They are also of the view that this will bring in professional advice to help customers, which is essential in the insurance business.

Amit Jain from Liberty General Insurance is highly skilled in Portfolio Management, Health Insurance, Business Relationship Management, and Risk Management.