Headline: Government to propose 100% FDI cap in insurance sector; Insurance Laws (Amendment) Bill, 2025 listed for Winter Session
Bullet Points:
- The government will introduce the Insurance Laws (Amendment) Bill, 2025 in the Winter session of Parliament to raise the FDI limit in insurance from 74% to 100%.
- The bill seeks to amend the Insurance Act 1938, the Life Insurance Corporation Act 1956 and the Insurance Regulatory and Development Authority Act 1999.
- So far, the insurance sector has attracted Rs 82,000 crore in FDI.
- The Securities Markets Code Bill, 2025 will merge the SEBI Act 1992, Depositories Act 1996 and Securities Contracts (Regulation) Act 1956 into a single framework.
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