Wed Dec 17 16:45:49 UTC 2025: Summary:

The Indian Parliament’s Rajya Sabha has passed the “Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill” on December 17, 2025, allowing 100% Foreign Direct Investment (FDI) in the insurance sector. The bill was passed a day after the Lok Sabha approved it. The opposition had requested that the bill be sent to a select committee due to its significant implications for the insurance sector.

News Article:

Indian Parliament Greenlights 100% FDI in Insurance Sector

New Delhi, December 17, 2025 – The Rajya Sabha today passed the “Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill,” paving the way for 100% Foreign Direct Investment (FDI) in India’s insurance sector. The bill’s passage follows its approval in the Lok Sabha yesterday.

The move is expected to significantly boost the insurance industry, attracting foreign capital and potentially leading to greater innovation and wider access to insurance products for the Indian population.

During the parliamentary debate, the opposition voiced concerns about the far-reaching implications of the bill and called for it to be referred to a select committee for further scrutiny. However, the bill was ultimately passed by the house. The new law is anticipated to have a transformative impact on the landscape of insurance in India.

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