SABKA BIMA SABKI RAKSHA ( AMENDMENT OF INSURANCE LAWS) BILL PASSED 2025

* UNION FINANCE MINISTER NIRMALA SITHARAMAN INTRODUCE THE BILL SABKA BIMA SABKI RAKSHA ( AMENDMENT OF INSURANCE LAWS) BILL ON TUESDAY (16/12/2025)ON LOK SABHA.

* RAJYA SABHA PASSED THE BILL ON 17/12/2025 

* THIS BILL ALLOWS 100% FOREIGN DIRECT INVESTMENT (FDI) IN THE INSURANCE SECTOR.

* MERGERS OF NON INSURANCE & INSURANCE COMPANIES ALLOWED.

* IT ALLOWS FOR CAP ON COMMISSION OF INSURANCE AGENTS & INTERMEDIARY.

* IT MANDATES DATA COLLECTION IN COMPLIANCE WITH THE DIGITAL PERSONAL DATA PROTECTION ACT.