Govt Targets Full Insurance Coverage By 2033, Expands Reach Across 25,000 Gram Panchayats

Speaking in the Rajya Sabha, Finance Minister Nirmala Sitharaman highlightedThe government is accelerating insurance penetration with a strong focus on rural India. With a target of universal insurance coverage by 2033, reforms like 100% FDI and new rural obligations aim to deepen the market. Under new norms by Insurance Regulatory and Development Authority of India, 25,000 gram panchayats will be covered, making village-level insurance access a key priority.