New Insurance Bill: 100% FDI, 'Insurance for All' by 2047

• Government introduces new Insurance Laws (Amendment) Bill, 2025.
• The bill aims to achieve "Insurance for All" by 2047 and modernize the sector.
• It allows 100% Foreign Direct Investment (FDI) in the insurance sector, up from 74%.
• New provisions include composite licenses for companies and reduced capital requirements for new entrants.
• Insurance agents will now be able to sell products from multiple companies.

Why It Matters: India's new insurance bill will make insurance accessible, competitive, and attract investment.