India, Dec. 12 -- The Union cabinet today approved an amendment Bill to raise the foreign direct investment (FDI) limit in insurance companies to 100% from 74%. The move is part of a larger push to reform and modernise the sector.

The Insurance Laws (Amendment) Bill, 2025 will be taken up in the ongoing Winter Session of Parliament, which ends on December 19, PTI reported. It is one of 13 Bills listed for discussion.

The changes are meant to boost insurance penetration, improve ease of doing business and attract more investment into the sector.

Notably, India's insurance industry has so far received INR 82,000 Cr in FDI.

The finance ministry has also recommended updating several sections of the Insurance Act, 1938, including lowering ...