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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


Order on Procedure for implementation of Section 12A of WMD Act, 2005

April 19, 2023 1458 Views 0 comment Print

Procedure for Implementation of Section 12A of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005 (WMD Act)

IRDAI clarifies on Expenses of Management of Life Insurance business

April 5, 2023 1194 Views 0 comment Print

Circular No. IRDAUF&I/CIR/E0M/84/4/2023 Date: 05th April 2023 IRDAI (Expenses of Management of insurers transacting Life Insurance business) Regulations 2023 – Clarifications.

Payment of Distribution Fees to Motor Insurance Service Provider

March 31, 2023 1986 Views 0 comment Print

Payment of Distribution Fees to Motor Insurance Service Provider -Distribution fees payable to MISP shall be as per IRDAI approved policy for payment of commission of insurer.

Guidance note – Board policy of insurer on the commission structure

March 31, 2023 1869 Views 0 comment Print

The board policy shall clearly state the objectives and principles that underpin the commission structure. This shall include promoting fair and transparent competition among intermediaries, aligning incentives with customer needs, and encouraging efficient and cost-effective distribution.

IRDAI Circular on Use and File Procedure for Products

March 31, 2023 3795 Views 0 comment Print

IRDAI may call for documents in respect of a few products identified on monthly basis from amongst all the life insurers, general insurers and health insurers for examination

IRDAI Guidelines on Operational Issues pertaining to Regulatory Sandbox

March 31, 2023 1155 Views 0 comment Print

An applicant desiring to promote or implement any innovation in insurance in India shall make an application to IRDAI in Form-RG-1 in any one or more of the categories given in Regulation 4 of IRDAI (Regulatory Sandbox) Regulations, 2019.

Procedure for implementation of innovation in insurance programme through Regulatory Sandbox

March 31, 2023 714 Views 0 comment Print

An applicant desiring to promote or implement any innovation in insurance in India shall make an application to IRDAI in Form-RG-1 in any one or more of the categories given in Regulation 4 of IRDAI (Regulatory Sandbox) Regulations, 2019.

IRDAI (Payment of Commission) Regulations, 2023

March 26, 2023 16632 Views 0 comment Print

These Regulations shall be called the Insurance Regulatory and Development Authority of India (Payment of Commission) Regulations, 2023.

IRDAI (Expenses of Management of Insurers transacting life insurance business) Regulations, 2023

March 26, 2023 5379 Views 0 comment Print

Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting General or Health Insurance business) Regulations, 2023

IRDAI (Expenses of Management of Insurers transacting General or Health Insurance business) Regulations, 2023

March 26, 2023 5256 Views 0 comment Print

Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting General or Health Insurance business) Regulations, 2023

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