New Delhi, Dec. 18 -- The Indian Parliament passed the bill to allow 100% FDI in the insurance sector on Wednesday, December 17. A day after the Lok Sabha passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, the Rajya Sabha on Wednesday passed the bill, removing the earlier cap of 74 per cent FDI in the insurance sector. Experts believe the bill is a major positive and can add significant capabilities to the sector. Jayant Walia, a Chartered Accountant, Harvard Business School MBA, and Senior Director of Business Development at Gainbridge, shared his views on why insurance remains an under-penetrated sector in India and how its expansion can be improved. Here are the edited excerpts of the interview:

A lot of insu...