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ARTICLE · 06 FEBRUARY 2026

Insurance 2.0 | Insurance Reforms To Commence From 5 February 2026

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The Government of India has notified 5 February 2026 as the commencement date for the Sabka Bima Sabki Raksha (Insurance for All, Protection for All) (Amendment of Insurance Laws) Act, 2025, including 100% foreign investment in Indian insurers.

IndiaInsurance
Aravind Venugopal
Aravind Venugopal
Amrutha Alapati
Amrutha Alapati
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Commencement date of 5 February 2026

The Government of India has notified 5 February 2026 as the commencement date for the Sabka Bima Sabki Raksha (Insurance for All, Protection for All) (Amendment of Insurance Laws) Act, 2025 (Amendment Act), including 100% foreign investment in Indian insurers.

Section 32A kept in abeyance

Notably, the Government has kept the amendments to Section 32A of the Insurance Act, 1938 in abeyance, and these will not take effect on the commencement date.

  • Section 32A, as amended, would have restricted common directorships/officer roles between an insurer and: (i) another insurer carrying on the same class of insurance business; (ii) a bank; or (iii) an investment company.

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