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Bima Vahak: A New Women Centric Insurance Distribution Approach

Corporate Law : IRDAI's Bima Vahak initiative aims to expand insurance reach in rural areas. It introduces a women-centric distribution channel fo...

July 29, 2025 1491 Views 0 comment Print

IRDAI’s 2024 Corporate Governance Rules for Insurers

Corporate Law : Overview of IRDAI's 2024 Corporate Governance Regulations for Insurers, covering board composition, committee structures, KMP appo...

July 25, 2025 3402 Views 0 comment Print

BIMA Applications Supported By Blocked Amount (BIMA – ASBA)

Corporate Law : Learn about Bima-ASBA, IRDAI's new facility for insurance premium payments. This mechanism blocks funds in a prospect's account vi...

July 25, 2025 1236 Views 0 comment Print

IRDAI (PPHI, Operations & Allied Matters of Insurers) Regulations, 2024 (Advertising)

Corporate Law : Summarizing IRDAI's 2024 regulations on insurance advertising, this text covers definitions, mandatory disclosures, prohibitions, ...

July 25, 2025 3627 Views 0 comment Print

Insurance Marketing Firm Registration for Pvt Ltd Companies: Process & Benefits

Corporate Law : Learn about IMF Registration for private limited companies, its process, requirements, and benefits. Expand into insurance marketi...

March 4, 2025 3468 Views 0 comment Print


Latest News


IRDAI Approves Ind AS Implementation as Insurance Sector Transitions to Global Accounting Standards

Corporate Law : IRDAI approved implementation of Ind AS for all insurers from 1 April 2026 with transitional arrangements and limited forbearance....

July 1, 2026 309 Views 0 comment Print

IRDAI Plans Dedicated Policyholder Protection Fund to Enhance Insurance Inclusion

Corporate Law : The proposed PEPF framework seeks to improve insurance penetration through financial literacy, digital services, and awareness pro...

June 24, 2026 381 Views 0 comment Print

IRDAI Proposes Insurance Intermediary Reforms to Align with SBSR Act 2025

Corporate Law : IRDAI has proposed comprehensive amendments to insurance intermediary regulations to implement the SBSR Act, 2025. The proposals s...

June 22, 2026 810 Views 0 comment Print

IRDAI Proposes Major Actuarial Rule Changes to Align with Insurance Law Amendments

Corporate Law : IRDAI's draft 2026 amendments overhaul actuarial governance, reporting, investment norms, and insurer compliance to align with the...

June 20, 2026 549 Views 0 comment Print

IRDAI Invites Comments on Reinsurance Regulation Changes to Simplify Registration

Corporate Law : IRDAI has released draft amendments simplifying the registration framework for foreign reinsurers and Lloyd's India while introduc...

June 20, 2026 324 Views 0 comment Print


Latest Judiciary


Every claim made against an insurance company in respect of a loss, would be a claim within purview of claims “requiring to be paid or settled” under section 64UM(2) of Insurance Act

Corporate Law : Every claim made against an insurance company in respect of a loss, would be a claim within purview of claims “requiring to be p...

May 24, 2011 4881 Views 0 comment Print

Insurance company liable to pay compensation till vehicle owner’s name is in register

Corporate Law : The Supreme Court held recently held in the case of Pushpa @ Leela & Ors. Versus Shakuntala & Ors that the insurance co...

January 18, 2011 22973 Views 1 comment Print


Latest Notifications


IRDAI Extends Transitional Arrangements Until 31st August 2026

Corporate Law : IRDAI has extended transitional arrangements for annual fee payment and registration certificates until 31 August 2026 or notifica...

July 3, 2026 414 Views 0 comment Print

IRDAI Forms AI Working Group to Strengthen Governance in Insurance Sector

Corporate Law : IRDAI has constituted a Working Group to develop governance, oversight, and security frameworks for AI adoption in the insurance s...

June 17, 2026 447 Views 0 comment Print

IRDAI Revises Obligatory Cession Rules to Mandate 4% Reinsurance with GIC Re

Corporate Law : IRDAI has amended its earlier notification to prescribe a 4% obligatory cession and require the entire cession to be placed with G...

June 15, 2026 156 Views 0 comment Print

IRDAI Cautions Public Against Dealing with Stareureka Insurance Company

Corporate Law : IRDAI has cautioned that the entity's Certificate of Registration as an Insurance Marketing Firm has expired and remains unrenewed...

June 12, 2026 420 Views 0 comment Print

IRDAI Fines Nissan Renault ₹1 Crore Over Distribution Fee Disclosure Lapses

Corporate Law : The regulator held that agreements lacking clear fee provisions undermined contractual clarity and regulatory compliance. A penalt...

May 27, 2026 1050 Views 0 comment Print


IRDAI’s New Guidelines for Wayanad Landslide Insurance Claims

August 2, 2024 750 Views 0 comment Print

IRDAI directs insurers to expedite claims for Wayanad landslides, with specific guidelines for response, claim processing, and communication.

IRDAI Imposes Rs. 2 Crore Penalty on HDFC Life Insurance

August 1, 2024 21597 Views 1 comment Print

Explore IRDAI’s order on HDFC Life Insurance Co. Ltd., addressing violations, regulatory issues, and the insurer’s submissions. Detailed analysis and conclusions provided.

IRDAI imposes penalty on Care Health Insurance for ESOP Violation

July 23, 2024 1038 Views 0 comment Print

Explore IRDAI’s order against Care Health Insurance Ltd. for ESOP violations. Detailed analysis of legal implications, penalties imposed, and compliance directives.

IRDAI Fines Bandhan Life Insurance ₹1 Crore for AML & Policyholder Protection Breaches

July 15, 2024 1764 Views 0 comment Print

Explore IRDAI’s final order on Aegon Life Insurance (now Bandhan Life) regarding violations of AML and policyholder protection regulations, penalties imposed, and corrective actions required.

IRDAI Penalizes Prowess Insurance Brokers for regulatory violations

July 12, 2024 1686 Views 0 comment Print

IRDAI issues a penalty of Rs. 37 lakhs to Prowess Insurance Brokers for regulatory violations. Read the full order details and implications.

IRDAI Master Circular on Operations and Allied Matters of Insurers

June 19, 2024 6594 Views 0 comment Print

IRDAI introduces new insurance reforms focusing on policyholder empowerment, grievance redressal, and transparency in operations. Read more about the changes.

IRDAI Master Circular on Submission of Returns

June 14, 2024 7377 Views 0 comment Print

Explore IRDAIs consolidated Master Circular on Submission of Returns effective April 2024. Simplify compliance with 202 regulatory returns.

IRDAI Master Circular on Life Insurance Products

June 12, 2024 3711 Views 0 comment Print

Read about the latest reforms in the Indian life insurance sector by IRDAI, aimed at simplification, transparency, and informed decisions for policyholders.

Master Circular: Reforms in General Insurance Business

June 6, 2024 5121 Views 0 comment Print

Explore IRDAI’s comprehensive reforms in the general insurance business post de-tariffication, focusing on customer-centric measures, governance, and technology.

Master Circular on IRDAI (Insurance Products) Regulations 2024- Health Insurance

May 29, 2024 27186 Views 0 comment Print

Discover IRDAI’s latest health insurance reforms designed to enhance policyholder rights, streamline claims, and offer diverse, customizable coverage options.

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