India: Insurance Laws and Products

In the wake of the COVID-19 pandemic, the Department for Promotion of Industry and Internal Trade (“DPIIT”) had issued Press Note 3 of 2020 (“PN3”), mandating prior Government approval for investments originating from entities or citizens of countries sharing land borders with India (“LBCs”), or where the beneficial owner of the investment was situated in or was a citizen of such countries.

Issued by the Department for Promotion of Industry and Internal Trade (“DPIIT”) in April 2020, Press Note 3 required prior Government approval for investments coming from countries sharing a land border with India, as well as investments where the beneficial owner was connected to such jurisdictions.

The Department for Promotion of Industry and Internal Trade, Ministry of Finance had, in February 2026, issued Press Note 1 (2026 Series) (“Press Note 1”) which proposed increasing the foreign investment cap...

The Supreme Court of India's recent judgment in United India Insurance Co. Ltd. v. Sayona Colors Pvt. Ltd. (2026 INSC 287) represents a watershed moment in the jurisprudence...

The Indian insurance sector has reached a historic milestone. Following the notification of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws)...

In a significant ruling with wide implications for employer-employee relations and insurance liability, the Supreme Court of India has held that an insurance company cannot...

The Indian insurance sector has entered a decisive phase of reform with the passage of the Sabka Bima Sabki Raksha (Amendment of Insurance laws)...

The Indian Parliament has significantly reformed the country's insurance landscape with the enactment of the Sabka Bima Sabki Raksha Act, 2025, which received the assent of the President of India on December 20, 2025, but is its commencement date is yet to be notified by the Central Government.

The final form of amendments to the Indian Insurance Companies (Foreign Investment) Rules, 2015 have now been notified, with effect from 30 December 2025 (Amendment).