Article

The Sabka Bima Sabki Raksha Insurance Act: the 2047 vision in action

Vinod Kothari Consultants · vinodkothari.com Free Advanced India

A section-by-section note on the Act, notified on 21 December 2025, including the FEMA changes effective 2 May 2026 that let insurers and intermediaries have a majority of non-resident directors.

  • The 100% FDI rules took effect on 2 May 2026.
  • Check which provisions are notified before relying on them; some are not yet in force.

The question it answers

  1. What does it take to start an insurance company in India?

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