IRDAI
India Proposes 100% FDI in Insurance Sector with New Amendment Bill: Comprehensive Reforms for Policyholder Protection and Market Growth
Dec 16, 2025 04:22 pm CST
Finance Minister Nirmala Sitharaman has introduced the Insurance Laws (Amendment) Bill 2025, which proposes increasing FDI limits in insurance to 100%, establishes a Policyholders' Protection Fund, and creates a framework for digital infrastructure in the sector. The comprehensive reforms aim to achieve "Insurance for All by 2047" while strengthening consumer protection and regulatory governance.
PM Modi Launches 'Your Money, Your Right Movement': How Indians Can Reclaim Rs 1.04 Lakh Crore in Unclaimed Financial Assets
Dec 10, 2025 02:16 pm CST
Prime Minister Narendra Modi has launched the 'Your Money, Your Right' movement to help Indians reclaim Rs 1.04 lakh crore in unclaimed financial assets. The initiative provides dedicated portals from RBI, IRDAI, and SEBI to simplify the process of recovering forgotten bank deposits, insurance proceeds, dividends, and mutual fund investments, with facilitation camps already organized across 477 districts nationwide.
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.
GST 2.0: Individual Health Insurance Premiums To Be GST-Free From Today
Sep 22, 2025 09:09 am CST
Union Finance Minister Nirmala Sitharaman announced a major reform under GST 2.0 at the 56th GST Council meeting on September 3. Effective today, individual health insurance premiums will be completely exempt from GST.