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Below the Quote on the Insurance Amendment bill by Mr. Mayank Bathwal, CEO, Aditya Birla Health Insurance

The proposed amendments under the Sabka Bima Sabki Raksha Bill mark a decisive step in reimagining India’s insurance ecosystem for the next phase of growth. The move to allow 100% FDI in insurance will enable access to long-term capital, global best practices, supporting innovation and the scaling up of insurance solutions. Alongside this, stronger regulatory oversight and a sharper focus on policyholder protection together create the conditions for a more resilient, transparent and innovation-led sector.

Equally important is the emphasis on data integrity, customer confidentiality and regulatory consultation, which will build greater trust and confidence among consumers. The proposed Policyholders’ Education and Protection Fund is a particularly welcome move, as it reinforces the importance of informed choice and long-term consumer trust. As India moves towards the vision of Insurance for All by 2047, these reforms can meaningfully accelerate penetration and improve customer outcomes across the sector.

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