Foreign insurers may now tap Indian market without local partner
The Union Cabinet on Friday approved a bill to raise the FDI limit in the insurance sector from 74% to 100% to unlock the sector’s full potential by attracting more stable foreign capital and technology, eliminating the need for mandatory Indian joint venture partners, and ultimately boosting national insurance penetration.

Cabinet approves Insurance Laws (Amendment) Bill and four others
New Delhi: The Union Cabinet on Friday approved the Insurance Laws (Amendment) Bill allowing 100 per cent foreign direct investment beside other reform measures, official sources said. The Bill is expected to be introduced early next week.

Insurance reforms will give global scale to industry, help designing of specialised products: Experts
Hyderabad: The insurance reforms, including the provision of 100 per cent foreign direct investment (FDI) and the composite licence framework, will go a long way in scaling up the Indian insurance to the global level with positive impact for all stakeholders, according to industry experts.  The Union Cabinet on Friday cleared the Insurance Amendment Bill 2025 paving the way for a major round of reforms. The Bill is expected to be passed in the current winter session of Parliament.

Cabinet clears 100% FDI in insurance; bill expected in parliament monday
100% FDI in insurance a ‘transformational reform’, says IBAI
The Hindu Business Line

DFS tightens grievance redressal oversight; banks, insurers face rankings
 

Floodgates open: What 100% FDI means for insurance, you and India

Laws governing insurance, stock markets to be rewritten

ESIC meet clears major expansion, infra push across States
 

GST cuts: Insurers still negotiating commission revisions with distributors
 

Insurance sector on upswing; brokerages forecast 9-10% FY26 retail APE rise
 

Insurers seek Centre's nod for issuing FASTag stickers

Sahaj Insurance gets corporate agency licence from IRDAI, aims to sell 10 cr policies in 1st yr

Insurance industry's premium growth tops 20% for the first time in FY26
 

New insurance ombudsman reforms set to speed up claims, believe experts
 

This is the season for security

Nearly 20% cashless treatment requests for road accident victims rejected by police: Gadkari

Insurance company can’t decide line of treatment, docs will: Consumer forum

Budget 2026 Expectations: Deloitte urges affordability-driven reforms in healthcare, insurance & digital ecosystem
The countdown to the Budget is gaining pace. As Finance Minister Nirmala Sitharaman prepared to present the Union Budget for 2026, the expectations around consumer-facing reforms are rising. As per Deloitte‘s Budget Expectations 2026 report, policy interventions in high-impact sectors such as healthcare, insurance and digital access could directly influence what consumers pay, how they access services and the quality of support they receive in the country.

Big reset for insurance sector as govt readies sweeping reform Bill
There is little doubt that raising the FDI limit to 100 percent marks a decisive step toward globalising India’s insurance sector. The reform is expected to draw larger pools of foreign capital, spur product innovation, and intensify competition in underwriting, risk management, and customer experience. Crucially, it will also bring access to global best practices—from sophisticated underwriting models and digital claims platforms to advanced risk-assessment tools—enhancing the industry’s resilience and service quality. Together, these shifts lay the groundwork for a more customer-centric and technologically robust insurance ecosystem. As Balachander Shekhar, Co-founder of RenewBuy, noted, the shift to full foreign ownership, composite licences and rationalised capital norms together open the door for new participants to reach underserved markets.

Govt does not direct LIC investments: FM Nirmala Sitharaman
Govt does not give LIC directions on its investment decisions: FinMin
Business Standard

PMJAY for 70+ logged 700k treatments worth ₹1,471 crore in first year
 

Uttar Pradesh eyes global investment in BFSI, healthcare, manufacturing
 

Insurance, 8 other economic Bills to be taken up in Winter Session
 

9 foreign reinsurers in talks to enter GIFT City through IIO route
 

FM Sitharaman, Andhra CM lay foundation for bank, insurance offices in Amaravati
Amaravati: Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday jointly laid the foundation stone for the construction of 15 new bank and insurance company offices here. According to the state government, the development marks the start of a ₹1,328 crore investment to create 6,541 new jobs in the region through these financial institutions.

Agents of change: How women are becoming key players in rural insurance
Hyderabad: Women from disadvantaged backgrounds are becoming key agents in driving financial inclusion in the underserved rural markets. Insurers are recruiting women agents from self-help groups (SHG) and other sections of the rural society to work as ‘Bima Vahaks’. “Many insurers, including us, have started recruiting Bima Vahaks from among the women entrepreneurs in the villages. We already have around 2,200 in the pipeline,’’ Anuj Tyagi, MD & CEO, HDFC Ergo General Insurance told businessline.  While women agents are not new for corporations like LIC, the work is mostly done by the male members of the family though the agency is registered in the name of a woman. But now, women are beginning to take on direct roles. 

Insurance company or broker may need to pay penalty, compensation for mental harassment of policy holder
New Delhi: Aggrieved policyholder may get up to ₹1 lakh for mental harassment and penalty up to ₹20 lakh from insurance company or insurance broker. Also, the insurance ombudsman will register every complaint within one working day from the receipt. These are some changes being proposed in the draft for Insurance Ombudsman (Amendment) rules proposed by the Finance Ministry. Post stakeholder consultation, the draft will be notified by the Ministry. The original rules were first notified in 2017. Changes have been proposed in grievance redressal as well as appointment and functioning of the Insurance Ombudsman.

IRDAI Chief Ajay Seth tells insurers to improve quality, timeliness of complaint resolution
Hyderabad: The Chairman of Insurance Regulatory and Development Authority of India (IRDAI), Ajay Seth has expressed concern over the rising number of complaints and asked the insurers to significantly improve the quality and timeliness of resolutions. In a meeting with Chief Compliance Officers (CCOs) and Grievance Redressal Officers (GROs) of all insurers held on Wednesday, the IRDAI Chief emphasised the centrality of trust in insurance and the critical role played by compliance and grievance redressal functions in upholding that trust. Insurers were advised to develop a clear and standardised operating procedure for classifying consumer references into complaints and service requests.  Ajay Seth also directed the insurers to adopt a more proactive, policyholder-centric approach and to strengthen their internal systems to ensure strict compliance with prescribed timelines. 

Irdai asks insurers for customer-centricity, stricter grievance compliance
 

Irdai steps in to ease friction between insurers & hospitals: Payments, package rates & cashless processes