The Indian government is gearing up to introduce a bill proposing 100% foreign direct investment (FDI) in the insurance sector during the upcoming monsoon session. The move aims to attract more foreign capital into the insurance industry, allowing for greater inflow of funds and expertise. Currently, the FDI limit in the insurance sector is capped at 49%, and increasing it to 100% is expected to bring in much-needed capital to boost growth and expansion. The bill is likely to be presented in the monsoon session of Parliament, which is scheduled to commence in July. With the COVID-19 pandemic causing economic disruptions, the government is looking to implement measures to stimulate the economy and create a more investor-friendly environment. The insurance sector plays a crucial role in India’s financial landscape, providing risk mitigation and financial security to individuals and businesses. By allowing 100% FDI in insurance, the government aims to enhance the sector’s competitiveness, improve insurance penetration, and increase insurance coverage across the country. This move is expected to open up new opportunities for foreign insurance companies to enter the Indian market and collaborate with domestic players to offer innovative products and services. Overall, the proposed bill is aimed at driving growth and development in the insurance sector, ultimately benefiting policyholders and the economy as a whole.