Buy Insurance Shares as FDI Investment increased to 74 percent

Here is the great news that is on the Insurance Sector regarding on the insurance Bill Passed in the Rajya Sabha which was to increase the FDI [Foreign Direct investment] in Insurance Sector by 74% from previous 49%.  As the bill was laid by the Finance Minister Nirmala Sitharaman in the Rajya Sabha and it will be moved now to Lok Sabha where NDA is having the full majority,  So, in Lok Sabha by no hurdle the Insurance Amendment Bill Act will be passed.

The biggest benefit will be Insurance Sector like Life Insurance and General Insurance Sector.

So, the stocks which will be in focus are SBI life, HDFC Life, ICICI Pru, GIC

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