December 16 , 2025
14 hrs 0 min
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- The Union Cabinet approved full foreign ownership (100% FDI) in Indian insurance companies.
- The reform is part of the Insurance Laws (Amendment) Bill 2025, to be introduced in the Winter session of Parliament.
- The Proposed changes include reducing paid-up capital requirements and introducing a composite licence system for insurers.
- The LIC board will get enhanced operational powers, including branch expansion and staff recruitment.
- The reforms aim to boost policyholder protection, improve services, increase competition, and attract global capital.

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