Quote on New Insurance Bill by Mr. Parag Raja, MD & CEO, Bharti AXA Life Insurance
Below the Quote on New Insurance Bill by Mr. Parag Raja, MD & CEO, Bharti AXA Life Insurance
“The Sabka Bima Sabki Raksha Bill marks one of the most consequential reforms for India’s insurance sector in decades.
By raising the FDI limit to 100%, strengthening the powers of the regulator, and creating a dedicated Policyholders’ Education and Protection Fund, it paves the way for deeper capital inflows, enhanced competition, and a broader range of innovative products for customers and policyholders. It will prove to be fundamental catalyst.
Over the long term, these structural changes will not only support IRDAI’s mission of ‘Insurance for All by 2047’ but also improve affordability, the quality of service and regulatory safeguards for policyholders. For customers, it means more options, better protection and an insurance industry better equipped to serve the evolving needs of a growing and diverse nation.”
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