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Mint Chennai
|December 18, 2025
The Rajya Sabha on Wednesday passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 to raise the foreign direct investment (FDI) limit in the insurance sector to 100% from 74% earlier, a day after the lower house of parliament approved it.
The bill paves the way for more foreign firms to enter India.
The bill now requires the assent of the President of India to become a law.
Finance minister Nirmala Sitharaman said that the removal of cap on FDI in the sector is expected to increase insurance penetration, lower premiums, and boost job creation. The bill also paves way for more foreign companies to enter India, she added.
According to the government, out of the 70 insurance companies operating in India, only 40 have foreign investments, with 10 of them having FDI of less than 26%. As many as 23 insurers have FDI between 26% and 49%, three have FDI in the range of 49%-74% and four have 74%.
This story is from the December 18, 2025 edition of Mint Chennai.
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