Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in the Lok Sabha.
The Bill seeks to update and amend India’s insurance laws, including the Insurance Act, 1938, the Life Insurance Corporation (LIC) Act, 1956, and the Insurance Regulatory and Development Authority (IRDA) Act, 1999, to strengthen and improve the insurance sector.
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