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@article{174869,
        author = {Ashok Kumar Yadav},
        title = {Market Liberalization and FDI in India’s Non-Life Insurance Sector: Trends and Challenges},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {11},
        pages = {797-802},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=174869},
        abstract = {The liberalization of India's insurance sector has led to a significant increase in Foreign Direct Investment (FDI), particularly in the non-life (property & casualty) insurance segment. Policy reforms, including the Insurance Laws (Amendment) Act of 2015 and the 2021 revision allowing FDI limits to increase from 49% to 74%, have attracted foreign insurers and investors. These changes have enhanced market competitiveness, product innovation, and risk management capacity. However, several challenges persist, including regulatory complexities, domestic firm competitiveness, penetration in rural areas, and capital adequacy requirements. This study critically examines the trends in FDI inflows, evaluates the impact of liberalization on India's non-life insurance industry, and identifies key barriers and opportunities for further growth. The findings contribute to the discourse on how foreign investment can shape the resilience and efficiency of India's insurance sector while balancing regulatory concerns and market sustainability.},
        keywords = {Foreign Direct Investment (DFI), Insurance, General Insurance, Proper & Casualty Insurance, India’s fiscal policy, Economic Reforms, Policy Interventions.},
        month = {March},
        }