The Times of India News

New Insurance Bill 2025: 'Sabka Bima Sabki Raksha Bill' cleared by Parliament; opens sector to 100% FDI

The Parliament on Wednesday approved the new insurance bill called Sabka Bima Sabki Raksha Bill after it got the Rajya Sabha nod. It was cleared in Lok Sabha the day before. The bill allows 100 per cent FDI in the sector, raising it from earlier allowed 74 per cent. The bill is now pending for President's assent.