Tue Dec 16 17:55:59 UTC 2025: Okay, here’s a summary and a news article based on the provided text:
Summary:
The Indian government has introduced a bill in the Lok Sabha, called the “Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025,” to increase Foreign Direct Investment (FDI) in the insurance sector from 74% to 100%. This move has sparked opposition protests. The government argues that this will bolster the sector, protect policyholders, and improve business conditions, while critics express concerns about the risks associated with full foreign ownership. The news was published in The Hindu’s e-paper on December 16, 2025.
News Article:
Indian Government Pushes for 100% FDI in Insurance, Sparks Opposition Ire
New Delhi, December 16, 2025 – The Indian government today introduced the “Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025” in the Lok Sabha, a bill proposing to raise the limit on Foreign Direct Investment (FDI) in the insurance sector from the current 74% to a full 100%. The move has immediately drawn sharp criticism and protests from Opposition parties.
According to government sources, the bill aims to stimulate growth within the insurance sector, enhance the protection of policyholders, and improve the overall ease of doing business in India. Proponents argue that increased foreign investment will bring much-needed capital, innovation, and best practices to the sector.
However, opponents are voicing concerns about the potential risks of allowing complete foreign ownership in such a critical sector. They warn of the possibility of foreign entities prioritizing their own interests over those of Indian policyholders and the overall stability of the insurance market.
The debate over the bill is expected to be heated as it moves through the legislative process. The “Sabka Bima Sabki Raksha Act” represents a significant shift in India’s approach to foreign investment in insurance and is likely to have far-reaching implications for the sector and the Indian economy.
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