Insurance sector is likely to attract FDI of over Rs 12,000 crore in 2016 as more than a dozen foreign companies plan to raise their stake in private sector insurance joint venture this year, industry body Assocham said on Monday.

“More than Rs 12,000 crore is set to flow in the insurance sector comprising both life and non-life during 2016. Besides, re-insurance sector would also see some fund flow as it too has got a leg-up through the amended Act,” Assocham Secretary General D S Rawat said in a statement.

http://economictimes.indiatimes.com/industry/banking/finance/finance/insurance-sector-may-get-over-rs-12000-crore-fdi-in-2016-assocham/articleshow/50717376.cms

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