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India just tore down the last wall in insurance ownership. Foreign firms can now hold 100% stake, no local partner needed. From HDFC Life to Star Health, big deals may follow. Here's what changed, and why it matters for you.
LIC of India is the largest insurance company in India by AUM in FY26, with assets under management of ₹57.29 lakh crore. It is followed by major private life insurers such as SBI Life, HDFC Life, ICICI Prudential Life and Axis Max Life.
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