Top features of the Sabka Bima Sabki Raksha BillLive EventsFDI in insurance sector hiked from 74% to 100%. More regulatory powers to IRDAI; it can also set commission, remuneration caps for agents. In many ways, 2025 will be remembered as a watershed year for both the insurance sector and policyholders. In its proposals, which are yet to be formalised, big changes to the insurance ombudsman framework were suggested. The latter ensures that the premium for life or health insurance remains blocked via UPI mandates in the policyholder’s account and is debited only after the policy is issued.

Source: Economic Times December 29, 2025 01:32 UTC