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ActArchiveMonday, 23 March 2015

Insurance Laws (Amendment) Act, 2015

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Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Key Facts
TypeAct
SourceHistorical Record
PublishedMonday, 23 March 2015
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
22 changes recorded for this policy.
TypeSunday, 19 July 2026via historical
policy
act
SectorsTuesday, 11 August 2026via historical
Energy, Finance & Economy, Social Protection
Finance & Economy
DescriptionMonday, 14 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionMonday, 14 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionMonday, 14 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionTuesday, 15 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionTuesday, 15 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionTuesday, 15 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionTuesday, 15 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionWednesday, 16 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionWednesday, 16 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionWednesday, 16 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionWednesday, 16 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionThursday, 17 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionThursday, 17 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionThursday, 17 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionThursday, 17 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionFriday, 18 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionFriday, 18 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionFriday, 18 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionFriday, 18 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
DescriptionSaturday, 19 September 2026via dfs
Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.
Draft Rules pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act,…
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