Parliament Winter Session: Govt Tables Bill to Hike FDI in Insurance Sector to 100% in Lok Sabha

FM Sitharaman introduces insurance amendment bill in Lok Sabha to hike FDI in sector to 100%

The amendment will raise the Foreign Direct Investment limit in the insurance sector from 74% to 100%

Parliament Winter Session: Govt tables bill to hike FDI in insurance sector to 100% in Lok Sabha

Union Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha Bill, 2025, proposing to raise FDI in the insurance sector to 100%. The bill aims to provide insurance to all by 2047, amending key insurance laws and establishing a policyholder protection fund. This move seeks to accelerate sector growth and enhance policyholder security.

Lok Sabha passes bill to raise FDI to 100 pc in insurance sector - OrissaPOST

New Delhi: The Lok Sabha Tuesday passed a bill to raise FDI in the insurance sector to 100 per cent, with a view to providing insurance to all by 2047. Replying to a debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, in the Lower House, Finance Minister Nirmala Sitharaman said higher FDI will attract more players in the industry and make insurance policies more affordable. “Monopoly doesn’t give us that advantage, an…

Lok Sabha Passes Insurance Amendment Bill 2025, Allows 100% FDI In Insurance Sector

The Lok Sabha on Tuesday passed the Insurance Amendment Bill 2025, a landmark piece of legislation that opens the insurance sector to up to 100% foreign direct investment (FDI). The move is aimed at expanding insurance coverage, attracting global capital, and strengthening India’s insurance ecosystem. Before the House voted on the bill, Finance Minister Nirmala Sitharaman said the proposed reforms would improve access to insurance products, enco…

Govt set to introduce Bill to hike FDI in insurance sector to 100 pc in Parliament

New Delhi, Dec 15 (PTI) The government is planning to introduce a Bill in Parliament this week to raise FDI in the insurance sector to 100 per cent, with a view to providing insurance to all by 2047. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, seeks to amend the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Authority Act, 1999, according to the Bill circulated…

Govt set to introduce Bill to hike FDI in insurance sector to 100% in Parliament

The Indian government is set to introduce a bill to raise FDI in the insurance sector to 100%, aiming for universal insurance by 2047. The proposed legislation will also allow mergers of non-insurance companies with insurance entities and establish a Policyholders' Education and Protection Fund.