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Insurance reforms set India on path to universal coverage by 2047: R Doraiswamy

India's Insurance Act Amendment Bill, 'Sabka Bima Sabki Raksha,' aims for a structural overhaul of the insurance sector, including amendments to the LIC Act. The bill's omission of open architecture for individual agents is seen as a relief for LIC, which relies heavily on its agent network.

17 Dec 2025 11:37 am