<h1>FDI in insurance raised to 100% with Indian top executive requirement and policyholders' protection fund.</h1> The amendment raises the foreign direct investment limit in the insurance sector to 100% while requiring one top executive to be an Indian citizen, permits mergers between non-insurance and insurance companies, establishes a Policyholders' Education and Protection Fund, prescribes five-year terms (or until age 65) for the Chairperson and whole-time members, and empowers the LIC board with operational decisions to enhance regulatory oversight, transparency, ease of doing business, and policyholder protection.