<h1>Government to introduce Insurance Amendment Bill to allow 100% FDI, ease rules, boost insurance access</h1> The government plans to introduce an Insurance Amendment Bill in the upcoming Winter session to raise FDI in the insurance sector to 100% and amend the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the IRDAI Act, 1999. Proposed changes include reviewed guardrails for foreign investment, reduced paid-up capital requirements, a composite licence, and board empowerment for the national insurer to make operational decisions. The reforms aim to increase market entry, boost insurance penetration, enhance policyholder protections and financial security, and facilitate ease of doing business and job creation.