India opens insurance sector to foreign investors
Business
Starting February 2026, India will let foreign investors fully own insurance companies—no more 74% cap.
This big change comes with the Sabka Bima Sabki Raksha Act, aiming to bring more global money and ideas into the industry.
What does this mean for you?
With relaxed rules for foreign insurers and easier entry for global reinsurers, expect more competition, better tech, and possibly cheaper or smarter insurance options.
Insurance cooperatives get a boost too, which could help rural areas.
Regulators also get new powers to set agent commissions and keep things fair.
All this is part of India's push for "Insurance for All" — a long-term goal — so if you ever wondered why your insurance app or policy choices might improve soon, now you know!