Insurance sector needs over Rs.50,000 crore capital: IRDA

Insurance sector needs over Rs.50,000 crore capital: IRDA

Hyderabad, Sep 26 (IANS)┬áIndian insurance industry needs huge capital infusion of over Rs.50,000 crore ($8 billion) and foreign direct investment (FDI) can make things easy, its regulator said Friday.Insurance Regulatory Development Authority (IRDA) chairman T.S. Vijayan said the regulator welcomes any type of capital infusion.“If foreign capital is increased, it will be easier flow of […]