Finance Minister Nirmala Sitharaman on December 16 introduced the Insurance Laws Amendment Bill in the Lok Sabha, formally placing the proposed changes to India’s insurance framework before Parliament.
At this stage, the Bill has only been tabled. Detailed discussion and clause-by-clause consideration are expected later, with a debate scheduled during the ongoing session. The precise…
The government is expected to table the Insurance Laws (Amendment) Bill 2025 in the Winter Session of Parliament from 1-19 December. If passed, it will mark one of the most extensive updates to India’s insurance framework in over a decade.
The Bill proposes amendments to the Insurance Act, the LIC Act, and the IRDAI Act,…
Across life, health, and general insurance companies in India, more than ₹25,000 crore remains unclaimed. In most cases, policyholders forget to file claims, or nominees do not know a policy exists. Many families also lose access due to outdated bank details or missing documents.
The regulator has now made it easier to track and claim…
Team SKM,
Many new car buyers end up paying more than necessary for their first motor insurance policy simply because they choose the plan offered by the dealership. While this often feels convenient, it is not mandatory and may not always be cost-efficient. Purchasing car insurance independently - either directly from an insurer or…

