1. S. K. Sethi
Co-Chairman, Insurance Committee, PHD
Chamber
Vice President Insurance Foundation of India
July 10,2014
Impact of FDI on Economic
Growth: Insurance

2. Growth of Insurance Companies is
Important For Growth Of India
They are really big Investors with long term
view
 Investments/ Loans to Corporate world
 Stock market
 Loans to State Governments/ Municipal
Corporations or even private companies for
 Roads
 Water supply...
 Sewage treatment
 Commitment to Indian Railways to fund Rs 1.5 lakh
crore over 2015-2020

3. LIC Investment Touches Rs
14.8 lakh Crores in Dec.2013

4. Objective – Growth of Insurance Industry
Route – FDI is one of the many routes for equity
What is Our Aim?

5. Foreign Direct Investment increased from 26% to
49% in
a)- Insurance Companies
b)- Insurance Brokerage Firms etc.
Let us start with recent
amendments

6. Is Dream of FDI stopping the
growth of this Industry ?
 How much we got in 15 years?
 Indians invest $8 billions in real estate in Dubai
every year
 In last 15 years $268 billions were spent by India
on import of Gold – lying in lockers/ homes.
 Indian Investors have funds for equity, we are not
using the opportunity.

7. Issues
 Why no company has been listed on stock
exchange in 15 years ?
 Who controls the companies ?
 Why do we need foreign brands ? Do these
matter to Crores of persons ?

8. Suggestions
 Let us setup Ministry of Insurance under Hon'ble
Prime Minister. Political will to do something is more
important and is required
 Insurance Fraud Control Act is the need of this
industry
 To attract Indian Promoters Insurance Companies
should be licencedat State Level e.g. USA
 International Road Show – Invite applications with 3
months.
Let us create awareness in the world

9. Contact Us
Insurance Foundation of India
Om Plaza (1st Floor), 430/7, Sant Nagar,
East of Kailash, New Delhi-110065
Ph: 011-41324957, 41324962
Fax: 011-41623784
E-mail: vp@ifingo.org
Web-site: http://www.ifingo.org
Contact:
S. K. Sethi, Vice President
Mobile - 98100-90853