What is the significance of 'all Israel will be saved'?

'All Israel will be saved' is a profound declaration found in Romans 11:26, affirming that there is a future restoration for Israel as part of God’s covenant promises. This does not suggest universalism but indicates that the elect within Israel—those chosen by grace—will be redeemed. It reassures believers of the faithfulness of God to fulfill His promises, reflecting His enduring commitment to His people. The phrase serves not only as a hope for Israel but also as an encouragement for Gentiles, affirming the comprehensive nature of God's saving plan.