Modi Govt's New Insurance Bill 2025: 100% FDI for cheaper, wider coverage.

• The Central government has approved the "Sabka Bima, Sabki Raksha Insurance Amendment Bill 2025."
• A major change in the bill is allowing 100% Foreign Direct Investment (FDI) in the insurance sector.
• This move aims to facilitate the entry of foreign insurance companies into India.
• The government claims the bill will lead to cheaper insurance, broader coverage, and more choices for the public.
• The bill is expected to empower IRDAI and LIC, while some reforms are still pending.

Why It Matters: New insurance bill with 100% FDI could mean cheaper, more accessible coverage for you.