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In the past, top officials in the sector have been vocal in their demand for raising the FDD limit.
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The life insurance industry had earlier complained that FD Dual was about to be increased from 26 years to 74 years with an additional cap of Rs 50,000 crore.
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Incidentally, many foreign counterparts of Indian insurance cover have not irrigated their shutters to the permissible 74 per cent.
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Amidst many expectations from the budget, the proposal to increase the FD slack limit in the insurance sector to 100 per cent is unlikely to go through, said Anoop.
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Especially since the FDI limit has been increased to 74 per cent recently," said Rau, MD & CEO, Future Generali India Insurance on pre-Budget expectations.
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He said that allowing 100 per cent F Demat to the industry should still be negotiated with policy certification.
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According to him, one problem is to look for potential local factors for global insurance risk.
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Rao said, of over 60 insurance inroads and their combined action "With a huge number between life and general insurance, there is indeed a huge shortage of local partner.
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"In my view, this is not even the demand of Chahat as a sector. This is stated by Avinash Singh on the list of seniors of MK Global Analysis Nine.