Cabinet to consider Insurance Bill today; 100% FDI cap hike proposed

• Cabinet to consider Insurance Amendment Bill, potentially raising FDI cap to 100%.
• The Bill aims to amend the Insurance Act, LIC Act, and IRDAI Act.
• Proposed changes seek to expand capital access, streamline licensing, and strengthen governance.
• Increased FDI could attract global capital, innovation, and expertise, benefiting policyholders.
• The Bill also proposes composite licences, allowing insurers to operate across life, general, and health segments.

Why It Matters: Increased FDI could bring better insurance options and competition for you.