Insurance Bill tabled: FDI, mergers, and omissions to reshape sector.

• The "Sabka Bima, Sabki Raksha" Insurance Amendment Bill is expected to be tabled in the Lok Sabha.
• Key proposals include allowing 100% FDI in the insurance sector, which could intensify competition and improve capital availability.
• The bill permits mergers between insurance and non-insurance entities, seen as positive for companies like Max Financial Services.
• Omissions like open architecture for agents and composite insurance licenses could negatively impact insurers such as LIC, HDFC Life, and Star Health.
• Other provisions include lower capital norms for reinsurers and IRDAI's power to cap commissions, affecting market dynamics and companies like PolicyBazaar.

Why It Matters: The new insurance bill will reshape the Indian insurance industry and its players.