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 draft amendments strengthen grievance redressal, define appointments, and introduce an Appellate Authority to ensure timely and fair resolution of insurance complaints.
IRDAI cautioned Universal Sompo for claim closures, refund delays, and late settlements. The insurer was warned to improve compliance and reporting.
The IRDAI imposed a ₹1 crore penalty on Liberty General Insurance for serious violations of outsourcing and commission regulations, including excessive payments to related parties of intermediaries. The insurer also received cautions for policyholder complaint misclassification and procedural lapses.
IRDAI issued a warning to Reliance Nippon Life for violating Section 45(1) by cancelling policies after the three-year limit. The insurer must pay interest on refunds and conduct an audit.
IRDAI stops surveyors from adding Lines of Business (LOB) based on 2001 categorization, citing obsolete knowledge. New additions must adhere to updated 2015 regulations.
IRDAI’s new guidelines establish a comprehensive framework for all insurers and distribution channels to deter, prevent, detect, and report insurance fraud, effective April 1, 2026.
IRDAI has issued a warning to Shriram Life Insurance for violations related to policyholder protection, free-look cancellations, and corporate governance norms.
IRDAI has refused to reduce or exempt insurance premiums for school buses during the Covid-19 lockdown, citing legal and contractual reasons.
IRDAI’s recent order declines a request to reduce or exempt insurance premiums for educational institution buses during the COVID-19 lockdown period.
The IRDAI has directed all insurers to conduct a second Quantitative Impact Study (QIS 2) to refine the Risk-Based Capital framework. Results are due by October 15, 2025.
