The Bharatiya Janata Party-led government is set to raise the foreign direct investment (FDI) threshold in insurance to 49 per cent with two riders. All companies will have to provide health insurance, and voting rights of foreigners will be limited to 26 per cent, the current investment cap.
The government is working on a three-pronged strategy to make health care affordable. First, ensuring availability of products by making it mandatory for all companies to provide standalone health insurance. Second, it will encourage people to go for health insurance by offering tax sops in the Budget.