New Delhi, Dec. 20 -- The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, passed by the Parliament this week, is expected to improve insurance penetration, operational efficiency, and market resilience, advancing insurance for all by 2047, according to CareEdge Ratings.

Among other things, the Bill aims to update regulations for insurers, reinsurers, and intermediaries to better align the sector with India's economic growth, capital markets, and consumer protection goals.

The legislation amends the Insurance Act, 1938; the Life Insurance Corporation Act, 1956; and the IRDAI Act, 1999, to permit 100 per cent FDI, strengthen IRDAI's authority over insurers and intermediaries, among others.

The bill regulates commissions...