insurance sector
India Approves 100% Foreign Direct Investment in Insurance Sector: A Major Reform for Market Growth
Dec 13, 2025 01:38 pm CST
The Indian Union Cabinet has approved a landmark bill to increase foreign direct investment in the insurance sector from 74% to 100%, aiming to enhance market penetration, accelerate industry growth, and improve ease of doing business. The Insurance Laws (Amendment) Bill 2025 includes provisions for policyholder protection, requires top management positions to include Indian citizens, and forms part of comprehensive reforms to achieve 'Insurance for All by 2047'.
Finance Minister Confirms LIC's Adani Investments Follow Standard Procedures Without Ministry Interference
Dec 02, 2025 01:26 am CST
Finance Minister Nirmala Sitharaman has clarified that LIC's investments in Adani Group companies follow strict due diligence protocols without any direction from the Finance Ministry. The state-owned insurer's investment decisions are made independently according to established regulations, with comprehensive oversight mechanisms in place. LIC's exposure to Adani Group represents a small portion of its diverse Rs 41 lakh crore investment portfolio spanning 351 publicly listed companies.