Parliament Clears Bill: 100% FDI in Insurance Sector Approved

• Parliament passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025.
• The bill raises the Foreign Direct Investment (FDI) limit in the insurance sector from 74% to 100%.
• Aims to increase insurance penetration, lower premiums, and boost job creation.
• Finance Minister Nirmala Sitharaman stated it will bring more capital and competition, leading to lower premiums.
• The bill amends key insurance acts and establishes a Policyholders’ Education and Protection Fund.

Why It Matters: Parliament approves 100% FDI in insurance, aiming for growth, lower premiums, and more jobs.