Lok Sabha Passes Bill Raising Insurance FDI To 100%

The Lok Sabha on Tuesday passed a bill to raise FDI in the insurance sector to 100 per cent, with a view to providing insurance to all by 2047.

- Press Trust Of India

Replying to a debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, in the Lower House, Finance Minister Nirmala Sitharaman said higher FDI will attract more players in the industry and make insurance policies more affordable.

"Monopoly doesn't give us that advantage, and therefore, the more the competition, the better the rates,” she added.

“Another priority which our government has given is to strengthen the public sector insurance companies..since 2014, we have been doing a lot of things to improve their financial health,” the minister said.