Mumbai, Dec. 17 -- The Lok Sabha passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill 2025 to boost the growth of the insurance sector and strengthen policyholder protection.

The Bill aims to enhance regulatory oversight, improve transparency in rule-making, ease compliance requirements and raise foreign direct investment limits in the sector.

A key provision proposes allowing 100% FDI in insurance companies to attract long-term capital, boost competition and expand insurance coverage. It also seeks to ease the entry of foreign reinsurers by sharply reducing capital requirements, which could strengthen reinsurance capacity and risk diversification.

The legislation proposes to strengthen the powers of the Insurance Regu...