Irdai Chairman pitches for 100% FDI in insurance sector

Debasish Panda, IRDAI Chairman, advocated for 100% foreign direct investment in the insurance sector during the Business Standard's annual BFSI event. He emphasized the need for increased capital and new players to achieve the 'insurance for all' goal by 2027. Panda believes opening the sector to full FDI will attract more participants and boost domestic investment.