NEW DELHI: Industest leaders on Saturday hailed Union Cabinet’s approval of the Insurance Laws (Amconcludement) Bill, 2025 that raised the foreign direct investment limit to 100 percent, stateing it will attract capital, spur innovation and support broader insurance coverage.
The amconcludement also introduced composite licences, lowered capital requirements for new entrants and introduced perpetual registration for intermediaries.
Sarbvir Singh, Joint Group CEO, PB Fintech, declared the relocate “brings clarity, confidence and long term capital into a growing sector that plays a central role in strengthening financial security”. Global expertise and sustained investment can support accelerate innovation, improve consumer experience and expand access across the countest, he declared, adding that the reforms will raise the overall quality of service and unlock a significant amount of new capital.
Increased competition will encourage wider product offerings and more sophisticated solutions, Singh further declared.
Balachander Sekhar, Co-founder and CEO of RenewBuy, labelled the bill as a “forward?seeing and cohesive reform package” that lays the structural foundation for a decade of sectoral transformation.
He declared composite licensing will enable unified, customer?centric protection and rationalized capital norms will invite new participants to serve underserved markets.
Combined with perpetual intermediary registration and modernized investment norms, the ecosystem becomes primed for stability, innovation, and accelerated penetration, Sekhar added.
Balachander Sekhar hailed the relocate to introduce 100 percent FDI, as “access to global best practices and advanced technologies will directly translate into sharper risk assessment, rapider claims, and significantly enhanced customer engagement.”
The shift to perpetual registration for intermediaries reduces frequent compliance friction and promotes long-range planning, allowing us to focus on scaling reach and enhancing customer service, he added. (IANS)
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