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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 Warns Acko General Insurance on Premium Collection

August 14, 2025 1368 Views 0 comment Print

IRDAI has issued a warning to Acko General Insurance for violating premium collection rules. The insurer failed to strictly comply with Section 64VB(1) of the Insurance Act, 1938.

IRDAI Amends Insurance Repository Audit Rules

July 29, 2025 1461 Views 0 comment Print

IRDAI has amended rules for insurance repositories. The change allows more qualified auditors, including CISA and DISA professionals, to conduct the mandatory yearly system audit.

Bima Vahak: A New Women Centric Insurance Distribution Approach

July 29, 2025 1491 Views 0 comment Print

IRDAI’s Bima Vahak initiative aims to expand insurance reach in rural areas. It introduces a women-centric distribution channel for Bima Vistar, an affordable bundled policy.

IRDAI Master Circular on Rural, Social Sector & Motor Third Party Obligations

July 25, 2025 2919 Views 0 comment Print

IRDAI’s Master Circular for 2025-27 sets mandatory insurance coverage targets for rural, social, and motor third-party sectors for all Indian insurers.

IRDAI’s 2024 Corporate Governance Rules for Insurers

July 25, 2025 3402 Views 0 comment Print

Overview of IRDAI’s 2024 Corporate Governance Regulations for Insurers, covering board composition, committee structures, KMP appointments, compliance, and ethical frameworks for the insurance sector.

BIMA Applications Supported By Blocked Amount (BIMA – ASBA)

July 25, 2025 1236 Views 0 comment Print

Learn about Bima-ASBA, IRDAI’s new facility for insurance premium payments. This mechanism blocks funds in a prospect’s account via UPI, debiting only upon policy acceptance, offering a secure and efficient process.

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

July 25, 2025 3627 Views 0 comment Print

Summarizing IRDAI’s 2024 regulations on insurance advertising, this text covers definitions, mandatory disclosures, prohibitions, approval processes, and the roles of advertising and product management committees in ensuring fair and transparent practices.

IRDAI Drafts Internal Insurance Ombudsman Guidelines 2025

July 24, 2025 1923 Views 0 comment Print

IRDAI releases a draft proposing an Internal Insurance Ombudsman for insurers. This aims to enhance grievance redressal for claims up to Rs. 50 lakh and improve policyholder trust.

IRDAI Mandates Local Data Storage for Foreign Reinsurers

July 22, 2025 1695 Views 0 comment Print

IRDAI clarifies that foreign reinsurer branches and Lloyd’s India must maintain all collected records, including electronic, within India as per new regulations.

IRDAI Releases 3rd Surveyor Exam List, Sets Deadlines

July 11, 2025 2076 Views 0 comment Print

IRDAI has published its third list of eligible trainee surveyors for the September 2025 pre-licensing exams. The notice outlines key dates for registration, slot booking, and exam schedule, advising trainees on membership and discrepancy reporting.

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