The Parliament has passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025. It is being touted as a game changer, especially with the move to allow 100% FDI in insurance companies. 

The government also says that the act strengthens the Insurance Regulatory Authority of India (IRDAI), and the Life Insurance Corporation of India (LIC). 

How would 100% FDI improve the claims experience for the ordinary citizen, the buyers of insurance? For long, they have been grappling with problems such as unfairly rejected claims, mis-selling of insurance, and hidden exclusions. Does the Bill hold out hope on these counts? 

Guest: Shilpa Arora, Co-Founder and Chief Operating Officer of Insurance Samadhan, a platform that helps policy-holders resolve insurance issues.

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