Insurance Amendment Bill 2025: 100% FDI and LIC Reforms Likely This Winter

The Insurance Amendment Bill, expected to be introduced in the winter 2025 parliamentary session, proposes 100% Foreign Direct Investment (FDI) in insurance companies in India, removing the current 74% cap. The reforms will also address the restructuring and listing of Life Insurance Corporation of India (LIC). The bill aims to attract more foreign capital, foster competition, improve product offerings, and enhance insurance penetration across the country. This legislative change is critical for evolving India's insurance sector into a global competitive market and improving regulatory frameworks.