In Lok Sabha Finance Minister Nirmala Sitharaman addressed concerns over the future of public sector insurance companies, highlighting the government’s focused reforms since 2014. She said capital infusion of ₹17,450 crore was made into three public sector general insurers to strengthen their balance sheets, resulting in LIC, GIC Re and AICIL reporting their highest-ever profits last year. The Finance Minister explained that FDI limits in insurance were gradually raised from 26% to 49% in 2015 and further to 74% in 2021 to attract global capital and expertise, while ensuring reinsurance premiums remain within India. She added that the number of insurers rose from 53% in 2014–15 to 74% in 2024–25, with insurance penetration, density, premiums and assets under management showing sharp growth over the decade.