THE SABKA BIMA SABKI RAKSHA (AMENDMENT OF INSURANCE LAWS) BILL, 2025
Where this law is right now
🏛️ Became law (Act)
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What does this law do?
This law amends the Insurance Act, 1938, Life Insurance Corporation Act, 1956, and Insurance Regulatory and Development Authority Act, 1999 to update terminology, clarify definitions, and allow 100% foreign investment in Indian insurance companies.
Who it affects
Indian insurance companies, insurance intermediaries, foreign investors in insurance companies
Key provisions
- Updates terminology from 'business of insurance' to 'insurance business'
- Clarifies definitions of terms like 'insurer', 'insurance intermediary', and 'insurance business'
- Allows 100% foreign investment in Indian insurance companies
- Specifies that foreign investment must comply with prescribed conditions
- Updates references to laws like Banking Regulation Act, 1949
Points worth noting
- This is an amendment to existing insurance laws
- Creates new definitions and clarifications in insurance terminology
- Allows 100% foreign investment in Indian insurance companies
| Source body | Parliament of India — Bills (Lok Sabha & Rajya Sabha) |
| Reference number | 195 |
| Status | closed (section: bill) |
| Year | 2025 |
| Closing date | — |
| Documents | 3 |
Highlights & Points worth asking
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Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Bill_passed_both
THE-SABKA-BIMA-SABKI-RAKSHA-AMENDMENT-OF-INSURANCE-LAWS-BILL-bill_passed_both.pdf
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Bill_introduced
2025-12-16
THE-SABKA-BIMA-SABKI-RAKSHA-AMENDMENT-OF-INSURANCE-LAWS-BILL-bill_introduced.pdf
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Bill_passed_ls
2025-12-16
THE-SABKA-BIMA-SABKI-RAKSHA-AMENDMENT-OF-INSURANCE-LAWS-BILL-bill_passed_ls.pdf
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