Finance Minister P Chidambaram is likely to move the long-pending insurance Bill in Rajya Sabha today,The bill seeks to raise foreign direct investment cap to 49 per cent in the sector from the existing 26 per cent.The Insurance Laws (Amendment) Bill, 2008 is listed in the tomorrow's business schedule of the Upper House for consideration and passage.Earlier, the Finance Minister had said once the Insurance Bill is passed, the Pension Bill will follow.However, the Standing Committee on Finance, headed by senior BJP leader Yashwant Sinha, did not favour the hike in FDI ceiling, indicating wide opposition to the move.