<h1>100% Foreign Investment Proposed in Insurance Sector to Boost Market Competition and Policyholder Protection Under Insurance Act Amendment</h1> The government plans to introduce an Insurance Amendment Bill in the upcoming monsoon session, proposing 100 percent foreign direct investment in the insurance sector. The draft bill aims to amend the Insurance Act, 1938, and related legislation, allowing agents to sell products from multiple insurers. The amendments seek to promote policyholder interests, enhance financial security, and facilitate market entry of new players, ultimately supporting economic growth and insurance penetration.