Govt to table Bill for 100% FDI in insurance in Winter session

The government proposes to introduce a bill to raise foreign direct investment in the insurance sector to 100 per cent in the upcoming Winter session of Parliament.

- OUR CORRESPONDENT

The Winter session of Parliament is slated to begin on December 1 and continue till December 19. The session will have 15 working days.

According to a Lok Sabha bulletin, the Insurance Laws (Amendment) Bill 2025, which seeks to deepen penetration, accelerate growth and development of the insurance sector and enhance ease of doing business, is part of the 10 legislations listed for the upcoming session of the Parliament.

Finance Minister Nirmala Sitharaman in this year’s Budget speech, proposed to raise the foreign investment limit to 100 per cent from the existing 74 per cent in the insurance sector as part of new-generation financial sector reforms. So far, the insurance sector has attracted Rs 82,000 crore through foreign direct investment (FDI).