LIC reforms

INSURANCE LAWS (AMENDMENT ) BILL, 2025

The Insurance Laws (Amendment) Bill, 2025 aims to modernise India’s insurance sector through 100% FDI, stronger regulatory powers for IRDAI, easier entry for foreign reinsurers, and greater autonomy for LIC, but by excluding reforms such as composite licensing, lower capital norms, and captive insurers, it remains a significant yet incomplete step toward achieving higher insurance penetration and inclusive growth.