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...
The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance on a known fake document amounted to misrepresentation and cancelled the licence.
IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and improve regulatory efficiency.
The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensuring domestic risk retention and structured profit-sharing.
IRDAI formed a sub-committee to review private health insurance and improve policyholder experience. The initiative focuses on expanding coverage, enhancing claims processes, and strengthening trust.
The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity of registration subject to compliance.
The issue was the need to address increasing cyber risks in the insurance sector. IRDAI introduced updated guidelines with enhanced governance and security standards. The key takeaway is mandatory compliance for all regulated entities.
The issue concerns identification of systemically important insurers. The regulator retained the same entities, emphasizing their critical role and need for enhanced supervision.
IRDAI directs insurers to follow anti-dark pattern guidelines and submit compliance reports. The move strengthens consumer protection in digital insurance platforms.
The IRDAI issued a circular providing clarifications on the implementation of Indian Accounting Standards (Ind AS) by insurers effective from 1 April 2026. It mandates preparation of financial statements under Ind AS with parallel reporting of existing financial information for at least two years to ensure a smooth transition. Insurers must submit quarterly financial statements […]
IRDAI is moving towards adopting Ind AS to standardize financial reporting across insurers. The framework aims to improve transparency, comparability, and global alignment.
