Govt introduces bill to hike FDI in insurance sector to 100 pc

A bill seeking to raise FDI in the insurance sector to 100 per cent was on Tuesday introduced in the Lok Sabha amid strong protest from the Opposition.

The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, seeks to amend Insurance Act, 1938, Life Insurance Corporation Act, 1956, and Insurance Regulatory and Development



Authority Act, 1999, as per the bill circulated to members of Parliament.

Introducing the bill, Union Finance Minister Nirmala Sitharaman said the common people’s insurance has always been the focus of Prime Minister Narendra Modi and the central government has provided insurance to the marginal sections of the society even during the Covid pandemic.