India has announced a sweeping restructuring of its insurance sector, targeting the structural inefficiencies that have long kept premiums high and coverage out of reach for millions of its citizens. Rather than incremental adjustment, the government is reaching into the fundamental architecture of how policies are priced, sold, and administered — acknowledging that decades of liberalization have not delivered affordability or breadth of access. The reforms represent a rare dual ambition: to lower costs and expand coverage simultaneously, at a moment when economic headwinds make the stakes for