As per Insurance (Amendment) Act, 2021 the FDI ceiling limit in the insurance sector has been

The Insurance (Amendment) Act 2021 amended the Insurance Act 1938 to raise the permitted foreign-investment ceiling in an Indian insurance company from 49% to 74%, so the answer is "Increased from 49% to 74%", subject to the prescribed conditions. The percentages in the other options do not describe this amendment.

Current law: The ceiling was subsequently raised from 74% to 100% by the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act 2025. The question asks about the 2021 amendment, so its answer remains 49% to 74%.