100% FDI in insurance sector grants more power to regulators: LIC MD

LIC MD Dinesh Pant highlights the government's strong focus on the insurance sector, evidenced by 100% FDI, GST reduction on individual policies, and the insurance amendment bill. These reforms aim to boost economic growth and bridge India's protection gap, supporting the 'Insurance for All by 2047' goal. The budget's increased capex and improved fiscal management are also praised.