By Peuli Das, Partner–Actuarial Services, BDO India
“The Insurance Amendment Bill seeks to allow up to 100 percent foreign direct investment in the insurance sector, supported by carefully designed guardrails. These safeguards aim to ensure sustainable and responsible growth while prioritising strong policyholder protection, transparency, disclosures, and fair market conduct, thereby enhancing efficiency and long-term stability.
By encouraging greater participation, innovation, and capital inflows, the amendment is expected to promote genuine competition and growth while creating a level playing field. Ultimately, it seeks to foster insurance penetration and advance the long-awaited reformatory vision of “Insurance for All” by 2047, across the nation.”