Corporate Law : IRDAI's Bima Vahak initiative aims to expand insurance reach in rural areas. It introduces a women-centric distribution channel fo...
Corporate Law : Overview of IRDAI's 2024 Corporate Governance Regulations for Insurers, covering board composition, committee structures, KMP appo...
Corporate Law : Learn about Bima-ASBA, IRDAI's new facility for insurance premium payments. This mechanism blocks funds in a prospect's account vi...
Corporate Law : Summarizing IRDAI's 2024 regulations on insurance advertising, this text covers definitions, mandatory disclosures, prohibitions, ...
Corporate Law : Learn about IMF Registration for private limited companies, its process, requirements, and benefits. Expand into insurance marketi...
Corporate Law : IRDAI approved implementation of Ind AS for all insurers from 1 April 2026 with transitional arrangements and limited forbearance....
Corporate Law : The proposed PEPF framework seeks to improve insurance penetration through financial literacy, digital services, and awareness pro...
Corporate Law : IRDAI has proposed comprehensive amendments to insurance intermediary regulations to implement the SBSR Act, 2025. The proposals s...
Corporate Law : IRDAI's draft 2026 amendments overhaul actuarial governance, reporting, investment norms, and insurer compliance to align with the...
Corporate Law : IRDAI has released draft amendments simplifying the registration framework for foreign reinsurers and Lloyd's India while introduc...
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...
Corporate Law : The Supreme Court held recently held in the case of Pushpa @ Leela & Ors. Versus Shakuntala & Ors that the insurance co...
Corporate Law : IRDAI has extended transitional arrangements for annual fee payment and registration certificates until 31 August 2026 or notifica...
Corporate Law : IRDAI has constituted a Working Group to develop governance, oversight, and security frameworks for AI adoption in the insurance s...
Corporate Law : IRDAI has amended its earlier notification to prescribe a 4% obligatory cession and require the entire cession to be placed with G...
Corporate Law : IRDAI has cautioned that the entity's Certificate of Registration as an Insurance Marketing Firm has expired and remains unrenewed...
Corporate Law : The regulator held that agreements lacking clear fee provisions undermined contractual clarity and regulatory compliance. A penalt...
IRDAI’s proposed amendments seek to simplify registration, reduce compliance costs, and facilitate investment in the insurance sector. The draft balances growth-oriented reforms with safeguards aimed at protecting policyholder interests.
IRDAI has amended its earlier notification to prescribe a 4% obligatory cession and require the entire cession to be placed with GIC Re. The amendment excludes premiums ceded to specified insurance pools from the cession requirement.
IRDAI has cautioned that the entity’s Certificate of Registration as an Insurance Marketing Firm has expired and remains unrenewed. The public has been advised not to engage with the company or its representatives for insurance-related services.
The regulator held that agreements lacking clear fee provisions undermined contractual clarity and regulatory compliance. A penalty of ₹1 crore was imposed for violations of MISP guidelines.
IRDAI has directed insurers to disclose performance-linked remuneration details of Key Management Persons on their websites. The circular aims to improve governance, policyholder protection, and accountability in the insurance sector.
The case involved a broker implementing substantial shareholding changes without obtaining IRDAI’s prior approval as required by regulations. IRDAI held that the violation was established but issued a warning considering corrective measures and future compliance commitments.
IRDAI approved in-principle drafting and publication of new and amended regulations following the Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Act, 2025. The regulations are to be framed within six months from the law coming into force.
IRDAI approved drafting regulations for implementing a Risk Based Capital framework to strengthen solvency assessment and align India’s insurance sector with global standards.
The Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated regulatory norms and warranted licence cancellation.
The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ruling highlights strict compliance expectations in maintaining survey data.
