Budget 2025: The insurance sector gets its own ‘engine’ in the form of 100% FDI

The government’s proposal to allow 100% FDI in the insurance sector will attract global insurers, boosting employment and increasing insurance penetration. New entrants will expand into untapped markets, strengthening their customer base while enhancing life and asset protection for Indian citizens. This move is expected to drive economic growth and improve financial security across the country.