FM Sitharaman introduces bill to hike insurance FDI to 100%

• FM Sitharaman introduced a bill in Lok Sabha to raise FDI in the insurance sector to 100%.
• The amendment aims to achieve "Insurance for All by 2047" by attracting long-term investment and deepening penetration.
• The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, amends three key insurance acts.
• Key benefits include strengthening insurers' balance sheets, improving solvency, expanding coverage, and fostering competition.
• The bill mandates that a top official (Chairman, MD, or CEO) must be an Indian citizen and establishes a Policyholders' Education and Protection Fund.

Why It Matters: Raising insurance FDI to 100% aims to boost coverage, innovation, and investment.