India’s Parliament has approved legislation that will raise the foreign direct investment (FDI) cap in the insurance sector from 74% to 100%. This amendment is part of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which also grants new regulatory authority to the Insurance Regulatory and Development Authority of India (IRDAI) over matters such as commission payments. The bill was first proposed in December last year. While introducing the bill in the Lok Sabha, the lower house o ...