Mumbai, Feb. 4 -- The government's recent announcement to introduce 100 per cent FDI in the insurance sector has granted "more power to the regulators," said LIC MD, Dinesh Pant.

He further noted that India's focus on its Insurance sector through major announcements in Budget 2026, along with recent policy changes such as GST reduction and the insurance amendment bill (announced in December) shows government's intent towards "recognition of insurance as a historical driver of economic growth and its importance in bridging India's protection gap."

In an interview to ANI, Pant emphasises on government's continued efforts towards achieving its goal of "Insurance for All by 2047."

He says, "The budget, along with recent policy changes, ind...