US EditionLok Sabha: FM Nirmala Sitharaman introduces bill proposing 100% FDI in insurance sector
The bill aims to boost insurance sector growth, protect policyholders, and allow mergers, with Rs 82,000 crore FDI attracted so far, Finance Minister Nirmala Sitharaman said.
- On Tuesday, Union Finance Minister Nirmala Sitharaman introduced a bill in the Lok Sabha seeking to raise insurance sector FDI to 100%, after the Union Cabinet approved it on Friday.
- The Sabka Bima Sabki Raksha Act, 2025 circulates provisions to amend the Insurance Act, 1938, Life Insurance Corporation Act, 1956, and Insurance Regulatory and Development Authority Act, 1999, after the sector attracted Rs 82,000 crore via FDI.
- Key operational changes include requiring one top official—Chairman, Managing Director, or CEO—to be an Indian citizen and empowering Life Insurance Corporation's board to make decisions on branch expansion and recruitment.
- Facing strong protest, Opposition members in Lok Sabha including TMC member Saugata Roy, DMK member T Sumathy, and RSP member N K Premachandran opposed 100% FDI, while Union Finance Minister Nirmala Sitharaman said she was ready to answer questions during debate.
- If enacted, the changes could promote policyholders' interests, enhance financial security, and accelerate insurance sector growth by allowing mergers with non-insurance companies, driving economic growth and employment.
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Government introduces Bill in Lok Sabha to hike FDI in insurance sector to 100%
“The common people's insurance has always been the focus of Prime Minister Narendra Modi, and the Central government has provided insurance to the marginal sections of society even during the Covid pandemic,” says Finance Minister
Insurance Amendment Bill Introduced In Lok Sabha, Proposes 100% FDI
Finance Minister Nirmala Sitharaman introduced the Insurance Laws (Amendment) Bill, 2025, titled "Sabka Bima Sabki Raksha", aiming to strengthen policyholder protection, deepen insurance penetration and accelerate the growth of the insurance sector.
Parliament Winter Session: Govt Tables Bill To Raise FDI In Insurance Sector To 100%
The government has tabled The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in the Lok Sabha during the Parliament Winter Session, proposing to raise foreign direct investment in the insurance sector to 100 per cent from the current 74 per cent.
FM introduces Insurance laws (Amendment) Bill 2025; proposes 100% FDI in Insurance sector - The Tribune
Finance Minister Nirmala Sitharaman on Tuesday introduced the Insurance Laws (Amendment) Bill, 2025, titled 'Sabka Bima Sabki Raksha', in the Lok Sabha, aiming to strengthen policyholder protection, deepen insurance penetration and accelerate the growth of the insurance sector in the country.
Lok Sabha clears insurance reform bill, raises FDI cap to 100%
The Lok Sabha on Tuesday approved a comprehensive legislation aimed at enhancing policyholder safeguards, boosting the expansion of the insurance industry, and increasing the foreign direct investment (FDI) ceiling in the sector from 74 per cent to 100 per cent.
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