India, March 18 -- Health insurance is a priority for this Government and it is expected that the country will have insurance for all by 2033, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday.

Replying to supplementary queries during Question Hour, she said the insurance sector is expanding and during 2024-25, it covered 58 crore lives in the country. "Health insurance is a priority for this Government. In fact, we are hoping that by 2033 we will have insurance cover for all," she said.

In December 2025, the minister said the Government came up with a Bill to hike FDI in the insurance sector with an aim to increase its penetration and deepen the market.

She said insurance regulator IRDAI notified rules for the rur...