Draft Indian Insurance Companies (Foreign Investment) Amendment Rules, 2026

The Ministry of Finance, Department of Financial Services, through Notification G.S.R. 655(E) dated 23 July 2026, has published draft rules proposing amendments to the Indian Insurance Companies (Foreign Investment) Rules, 2015 under clause (aaa) of sub-section (2) of section 114 of the Insurance Act, 1938 read with section 3AA of the Act. The draft rules are proposed to be notified after the expiry of thirty days from the date the draft is made available to the public, during which objections or suggestions may be submitted to the Secretary, Department of Financial Services, and will be considered by the Central Government. The proposed rules, to be called the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2026, will come into force from the date of their publication in the Official Gazette. The amendment proposes that throughout the Indian Insurance Companies (Foreign Investment) Rules, 2015, the words “intermediary or insurance intermediary” wherever they occur shall be substituted with the words “insurance intermediary”.

MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 23rd July, 2026

G.S.R. 655(E).—Draft rules to amend the Indian Insurance Companies (Foreign Investment) Rules, 2015, which the Central Government proposes to make in exercise of the powers conferred by clause (aaa) of sub-section (2) of section 114 of the Insurance Act, 1938, read with section 3AA of the said Act, are hereby published for information of all persons likely to be affected thereby, and notice is hereby given that the said draft rules will be taken for publication in the Gazette of India after the expiry of a period of thirty days from the date on which the copies of the draft rules are made available to the public.

Objections or suggestions, if any, from persons likely to be affected may be addressed to the Secretary, Ministry of Finance, Department of Financial Services, Jeevan Deep Building, 3^rd floor, Sansad Marg, New Delhi 110001.

Objections or suggestions that may be received from persons likely to be affected with respect to the draft rules within the aforesaid period shall be considered by the Central Government.

DRAFT RULES

1. Short title and commencement:

1. These rules may be called the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2026.

2. They shall come into force from the date of their publication in the Official Gazette.

2. Throughout the Indian Insurance Companies (Foreign Investment) Rules, 2015, for the words “intermediary or insurance intermediary” wherever they occur, the words “insurance intermediary” shall be substituted.

[F. No. 12018/02/2021-Ins.II]
Dr. DEBASISH PRUSTY, Addl. Secy.

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 115 (E), dated the 19^th February, 2015 and were subsequently amended by notification numbers G.S.R. 534(E), dated the 3^rd July, 2015, G.S.R. 314(E), dated the 16^th March, 2016, G.S.R. 619(E), dated the 2^nd September, 2019, G.S.R. 337(E), dated the 19^th May, 2021 and G.S.R. 928(E), dated the 30^th December, 2025