Mint Explainer: Why the insurance bill 2025 marks the industry's biggest reform in decades
The bill seeks to amends three core laws—the Insurance Act, 1938; the LIC Act, 1956; and the IRDAI Act, 1999—to allow 100% foreign direct investment, strengthen regulation, introduce new intermediaries, and accelerate insurance penetration.
The bill seeks to amends three core laws—the Insurance Act, 1938; the LIC Act, 1956; and the IRDAI Act, 1999—to allow 100% foreign direct investment, strengthen regulation, introduce new intermediaries, and accelerate insurance penetration.
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