Finance Ministry May Take Up Insurance Bill In Winter Session

The Insurance Bill, which seeks to raise the foreign direct investment (FDI) limit in the sector to 49%, is expected to be taken up in the Winter Session of Parliament, as per a media report.


Experts say the reform is expected to bring FDI of about Rs 25,000 crore into the private insurance companies. This would help insurance firms get much-needed capital from overseas partners.

The Insurance Laws (Amendment) Bill, which is pending for a long time, has been caught in a logjam with the opposition parties insisting that it should be referred to a select committee.

The government had agreed to refer it to a 15-member Select Committee, which is expected to submit its report by the third week of November.