Opposition demands Insurance Amendment Bill be sent to select committee; NDA lauds 100I
Parliament has approved the Sabka Bima, Sabki Raksha Bill, 2025, which allows foreign direct investment in the insurance sector to reach 100%. It also lowers the net-owned fund requirements for foreign insurance companies. The bill was passed by the Rajya Sabha after discussions. This move aims to bring significant changes to the insurance landscape in India.
Parliament has approved the Sabka Bima, Sabki Raksha Bill, 2025, which allows foreign direct investment in the insurance sector to reach 100%. It also lowers the net-owned fund requirements for foreign insurance companies. The bill was passed by the Rajya Sabha after discussions. This move aims to bring significant changes to the insurance landscape in India.
