NATIONAL 07-08-2015. Insurance Penetration In India With only 3% of insurance penetration, India badly needed,more funds for a larger cover.In March '2015' the FDI cover in insurance sector was raised from 26% to 49% Enthused with Government's decision, 4 major companies, Axa of France,Tolyo marine of Japan, London based Bupa, and UK based Aviva have entered the market with big bang. This is going to be a game changer, as thousands of crore will now be in the playing field < < Back