Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill 2025 raises FDI limit to 100%

Exam-focused facts from the 23 December 2025 current affairs briefing.

Key facts

The Union Cabinet approved the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 to revamp India’s insurance framework.
The Bill raises the Foreign Direct Investment (FDI) limit in Indian insurance companies from 74% to 100%.
It reduces the Net Owned Funds requirement for foreign reinsurers from Rs 5,000 crore to Rs 1,000 crore.
IRDAI gets enhanced enforcement powers, including authority to disgorge wrongful gains made by insurers or intermediaries.
LIC is empowered to set up new zonal offices without prior government approval and to align overseas operations with host-country laws.