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actArchiveMonday, 23 March 2015

Insurance Laws (Amendment) Act, 2015

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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
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
1 change recorded for this policy.
TypeSunday, 19 July 2026via historical
policy
act
Explore Sectors
Finance & Economy469 tracked→
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