Cabinet Clears 100% Insurance FDI; Other Reforms Delayed

• The Union Cabinet approved 100% Foreign Direct Investment (FDI) in the insurance sector.
• This FDI hike aims to attract long-term investment, deepen insurance penetration, and strengthen insurers' balance sheets.
• Several other proposed insurance reforms, including composite licensing and a Policyholders’ Education and Protection Fund, were not approved.
• The approved amendment will be introduced in Parliament during the Winter Session.

Why It Matters: 100% FDI in insurance aims to attract capital, deepen market, and improve services.