Скачать или смотреть New Insurance Bill: Hits/Misses Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025

The source provides an extensive overview of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which aims to modernize and reform India's insurance sector. This legislation proposes sweeping changes to several core acts, including the Insurance Act of 1938, with the goal of achieving wider insurance coverage and stronger regulatory oversight. Key provisions included in the bill are raising the Foreign Direct Investment (FDI) limit to 100%, significantly easing entry norms for foreign reinsurers, and granting enhanced enforcement powers to IRDAI. However, the analysis also highlights significant omissions, such as the exclusion of the much-anticipated composite license reform, which would have allowed single entities to offer both life and non-life policies. The absence of proposals to lower minimum capital requirements for new entrants is also noted, indicating that some structural barriers to market entry will remain intact.