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LS passes Bill to increase FDI to 100% in insurance
Union Finance Minister Nirmala Sitharaman announced the Lok Sabha's passage of the insurance bill, allowing 100% FDI in insurance, aimed at enhancing accessibility and attracting global capital. The bill includes features like improved regulatory oversight and measures for policyholder protection. The insurance sector has progressively expanded since foreign entry was first permitted in 2000, boosting penetration and density.
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