Parliament passes Bill to allow 100% FDI in insurance sector. Why it is being called landmark reform

Increasing the foreign direct investment limit to 100 per cent in the insurance sector will help expand coverage, create jobs and make life cover policies more affordable and accessible, said experts. The bill provides for a robust regulatory environment while enabling ease of doing business for investors, and aligns with global standards at the same time, guarding the interest of the policyholders, JSA Advocates & Solicitors Partner Sidharrth Shankar said. Read more