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Mint Explainer: Why the insurance bill 2025 marks the industry's biggest reform in decades

The bill seeks to amends three core lawsthe Insurance Act, 1938; the LIC Act, 1956; and the IRDAI Act, 1999to allow 100% foreign direct investment, strengthen regulation, introduce new intermediaries, and accelerate insurance penetration.

17 Dec 2025 12:56 pm