Santosh Singh, Analyst at Espirito Santo Securities, who provides an analyst perspective on the industry, feels that the insurance industry over the last few years has rightly focused on cost efficiencies, which should pay off irrespective of more FDI or not. Meanwhile, GV Nageswara Rao, MD & CEO, IDBI Federal life Insurance we may see change in ownership patterns among existing JVs, where the domestic partner might sell stakes to the foreign partner, if foreign equity ownership limits are raised.
