Introduction
On 29 August 2025, the Department of Financial Services under
the Ministry of Finance released for public consultation the draft
Indian Insurance Companies (Foreign Investment) Amendment Rules,
2025 (Draft Rules) to amend the Indian Insurance Companies (Foreign
Investment) Rules, 2015 (2015 Rules).
The Draft Rules are intended to enable 100% foreign direct
investment (FDI) in the insurance sector (once necessary changes to
the Insurance Act, 1938 (Insurance Act) are carried out by the
Indian parliament) and remove requirements which were seen as being
discriminatory towards foreign owned insurers and
intermediaries.
Comments from impacted stakeholders have been invited until 12
September 2025. Please do reach out to us, should you wish to
collaborate on submitting comments on the Draft Rules.