India’s Insurance Reforms: Increasing Growth, Security, and Global Partnership
Jan 23, 2026
India’s Insurance Reforms: Increasing Growth, Security, and Global Partnership
Jan 23, 2026
The government of India recently passed a landmark law that lifted its long-standing limits on foreign ownership of insurers operating in the country. More than a simple policy shift, the move was a clear sign that the government of India understands just how essential insurance is to a strong, growing economy. By lifting old ownership caps and cutting red tape, India is inviting more global investment, modern technology, and faster innovation into its insurance market.
This reform will have a significant impact. For years, India has been one of the world’s most under‑insured countries. Too many families and businesses face financial risks without the protection they need, and the country is beginning to confront the needs of an aging population. Strong insurance and retirement systems will help Indians save more, plan more, and protect more.
The U.S. life insurance industry is poised to help. With decades of experience in long‑term savings, retirement security, and financial protection, American insurers are well positioned to support India’s next stage of growth. They bring the kind of patient capital and proven expertise that help families build secure futures.
India’s insurance reforms represent a bold and forward-thinking decision. With support from U.S. life insurers, these changes will enhance financial security and expand economic opportunities for the country’s 1.47 billion people.
David Chavern
David Chavern is President and CEO of the American Council of Life Insurers (ACLI) whose mission is to provide financial certainty to Americans regardless of where and how they work, their life stage, or the economic status of their household. ACLI’s 275 member companies represent 94 percent of industry assets and provide financial security products and services to 90 million families.
