Insurance Amendment Bill 2025: 100% FDI Approved

The Union Cabinet has cleared the Insurance Amendment Bill 2025, raising the FDI limit in Indian insurance companies from 74% to 100%. The bill will be introduced in the Winter Session.

Why It Matters
✓India’s insurance penetration remains low despite receiving ₹82,000 crore FDI so far.
✓Higher FDI will bring fresh capital, global expertise, better governance, and improved digital capabilities.
✓Expected to boost solvency, strengthen competition, and expand coverage in rural areas.

Key Provisions
✓Full foreign ownership allowed.
✓Simplified compliance under an amended Insurance Act 1938.
✓Composite licences for offering multiple insurance products.
✓Lower paid-up capital for easier market entry.
✓More autonomy for LIC’s board.
✓Streamlined regulation under the updated IRDAI Act.

Overall Impact
✓More competition and product innovation.
✓Better customer service and faster claim processes.
✓Job creation across distribution, analytics, and operations.
✓Helps modernise India’s financial sector.

Source : https://t.me/interview_lib

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