New Delhi, Dec. 16 -- Union Finance Minister Nirmala Sitharaman on Tuesday will move for leave to introduce The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in Lok Sabha, a proposed legislation aimed at further amending major insurance-related laws to strengthen India's insurance framework.

According to the list of business, Sitharaman will seek permission to introduce a Bill, which proposes amendments to three major legislations governing the insurance sector, the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Authority Act, 1999.

Following the motion for leave, the Finance Minister will introduce the Bill in the House.

The Lok Sabha will convene at 11 am...