New Delhi, April 7 -- New Delhi: The Insurance Laws (Amendment) Bill, which proposes sweeping reforms, is likely to be tabled in the monsoon session of Parliament in July, two people aware of the matter told Mint.

The bill, originally slated for the recently concluded budget session, was delayed as the finance ministry sought to add provisions on 100% foreign direct investment (FDI) and ease of operational considerations for foreign investors, requiring fresh vetting by the law ministry before being sent for cabinet and legislative approval.

"The government could have considered an ordinance for immediate implementation, but since several provisions required time for regulatory and industry readiness, finalizing the bill with full detai...