Economy Budget 2020: Why Indian insurance sector needs higher FDI limit and tax tweaks Updated : January 22, 2020 12:18 PM IST When buying insurance, policyholders are known to be cautious of the background of the promoters of insurance companies. Enhancing FDI limits should help insurance companies expand the business, thereby generating more employment. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.