India’s insurance sector is on the verge of a significant overhaul, as a new bill is set to be introduced in the Lok Sabha. This development is expected to bring about substantial changes to the existing insurance framework, potentially impacting various stakeholders, including policyholders, insurers, and regulatory bodies. The introduction of this bill may aim to address existing challenges, enhance consumer protection, and promote the growth of the insurance industry in India. Key aspects of the proposed bill are likely to include amendments to existing laws, regulations, and guidelines governing the insurance sector, which may lead to improved efficiency, increased transparency, and better services for policyholders. As the bill is set to be introduced in the Lok Sabha, it will undergo scrutiny and debate, allowing lawmakers to discuss and refine its provisions before potentially becoming a law. The overhaul of India’s insurance sector may have far-reaching implications, and its impact will depend on the final shape of the bill and its implementation.

by | Jan 12, 2026 | Insurance

The Indian government is set to introduce a significant bill in the Lok Sabha, titled The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025. This bill, proposed by Union Finance Minister Nirmala Sitharaman, aims to amend the Insurance Act of 1938, the...