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Answer

Correct Option is 49%

Solution:Finance Minister Nirmala Sitharaman introduced a Bill in Rajya Sabha that seek to amend the Insurance Act to pave the way for 74 per cent foreign direct investment (FDI) in the sector.
The Bill seeks to amend the Insurance Act, 1938. Currently, the permissible FDI limit in the life and general insurance stands at 49 per cent with ownership and management control with Indian.

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