Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, passed by both houses, makes significant reforms to the three foundational insurance laws.
In addition to raising FDI limit to 100%, the proposals such as reduced net owned fund for foreign reinsurers, setting up of Fund, perpetual license for insurance intermediaries etc. are aimed at increasing insurance penetration, to serve the Indian population, where vast majority is still uninsured.
Our Partner, Itee Singhal along with Associate, Deekhit Bhattacharya, discusses some of key highlights of the Bill in this alert attached here with the email. Read now to know more!
whilst wrongfully claiming to be part of our Firm and making false claims and allegations. These individuals are also impersonating the Firm by creating fake email addresses and Facebook page while using the LUTHRA marks.