Topic
The Insurance Regulatory and Development Authority of India regulates life, health and general insurers and insurance intermediaries.
143 storiesLatest 16 Oct 2026, 14:54 ISTOfficial website
Insurance/
IRDAI's 9 April 2026 gazette fixes obligatory cession at 4% of the sum insured on every general insurance policy for FY 2026-27, placed with GIC Re - rates, commissions and pitfalls explained.
Insurance
The IRDAI (Regulatory Sandbox) Regulations 2025, notified on 1 January 2025, repeal the 2019 rules and let insurers and insurtech firms test new products under time-bound regulatory relaxations.
Insurance
The IRDAI Consolidated Re-insurance Regulations 2024 force Indian insurers to offer risks to GIC Re and domestic capacity first and foreign reinsurers last. We explain the four-tier order of preference, retention floors and CBR cession limits.
Insurance
The IRDAI 2024 rulebook merged nine regulations into one, fixing the 150% solvency control level under Section 64VA and capping where insurers invest your premiums. Explained with worked numbers.
Insurance
The IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2025 take effect 1 April 2026: five fraud categories, a board-level Fraud Monitoring Committee, the IIB industry-wide fraud database and FMR-1 reporting explained.
Insurance
IRDAI's 28 August 2026 circular migrates all reinsurance regulatory returns, FRN applications and governance filings onto one upgraded Business Analytics Platform. Here is what insurers must file, when, and why it protects policyholders.
Insurance
From 5 February 2026 the Sabka Bima Sabki Raksha Act replaced the 3-year surveyor licence with an open-ended Certificate of Registration under Section 42D. What it means for your claim.
Insurance
IRDAI's 12 February 2026 circular explains how insurers can invest in Alternative Investment Funds through Fund of Funds structures without breaching Section 27E of the Insurance Act, 1938.
Insurance
IRDAI's 27 August 2026 circular lets insurers hold NDB's Rs 25,000 crore Maharajah INR Bonds as Approved Investments. We explain the five conditions and what it means for your policy.
Insurance
IRDAI's 25 March 2026 circular orders every insurer to keep branches open on 31 March so policyholders can pay year-end premiums. Here is what the rule protects and the numbers behind it.
Insurance
IRDAI circular IRDAI/NL/GDL/98(01)/07/2026 of 31 July 2026 orders every insurer to fast-track flood claims in Sivasagar, Charaideo, Jorhat and Golaghat. What it changes and how to claim.
Insurance
IRDAI's 23 July 2026 circular forces insurers to file their Self-Contained Note within 7 days and extra documents within 3 days, so your Insurance Ombudsman complaint is decided inside the 90-day limit.
Insurance
IRDAI's 25 May 2026 circular makes insurers publish three years of executive-pay parameters and performance on their websites, with no phone number allowed to view them. Here is what policyholders gain.
Insurance
IRDAI's 19 December 2025 circular lets insurers invest in AT1 bonds and Tier 2 capital of RBI-regulated AIFIs. What it means for your policy's solvency, yields and the fine-print carve-outs.
Insurance
IRDAI's 10 October 2025 circular rescinds the 2020 rule that let surveyors add lines of business on 2001-02 letters. Here is what it means for your motor, fire and property claims.
Insurance
IRDAI's Saral Jeevan Bima standardises pure term cover from Rs 5,00,000 to Rs 25,00,000 across every life insurer. We explain the 14 October 2020 circular, the death-benefit formula, the 45-day waiting period and the exit-value traps.
Insurance
IRDAI's Master Circular on Submission of Returns, 2024 (Ref. IRDAI/NL/MSTCIR/RT/93/6/2024, 14 June 2024) consolidates reporting from eight 2024 regulations. What it means for policyholders.
Insurance
IRDAI's Annual Report 2023-24 shows insurance penetration fell to 3.7% of GDP while density rose to USD 95. We read the life and non-life split exactly as the report prints it.
Insurance
IRDAI/ACTL/MSTCIR/MISC/89/6/2024 forces ULIP illustrations to show at least 90% of premiums back at 4% gross and grants a three-year revival window. Here is the arithmetic and the traps.
Insurance
IRDAI's Master Circular on Corporate Governance for Insurers, 2024 (dated 22 May 2024) codifies hard board duties: three independent directors, six mandatory committees and strict tenure caps.
Insurance
IRDAI's 15 May 2024 Master Circular (IRDAI/F&I/CIR/79/5/2024) replaced product-wise commission caps with a board-approved overall expenses-of-management ceiling. What it means, with worked EOM-ratio numbers.
Insurance
How the Insurance Ombudsman Rules, 2017 turn a rejected insurance claim into a binding award of up to Rs 30 lakh, with a Rs 5,000-per-day penalty on insurers that delay compliance.
Insurance
IRDAI's 109-page Master Circular of 5 September 2024 fixes the deadlines insurers must meet: a 30-day free look, one-hour cashless approval, 15-day death claims, penal interest when they slip.
Insurance
IRDAI's Bima Sugam Regulations 2024, gazetted on 21 March 2024, create a section 8 company to run one national insurance marketplace. What the 14 regulations require, and what they do not.
Insurance
IRDAI's Insurance Products Regulations 2024, notified 20 March 2024, rewired life-policy surrender value: a guaranteed floor from 30% in year two and an enhanced special surrender value payable after one year's premium.
Insurance
IRDAI's Protection of Policyholders' Interests Regulations, 2024 (notified 20 March 2024) repeal eight older rulebooks, double the free look to 30 days and fix premium refunds within 7 days. Here is what changed.
Insurance
IRDAI's 12 June 2024 Master Circular on Life Insurance Products makes policy loans mandatory, requires a surrender value after year one, and extends the free-look period to 30 days.
Insurance
IRDAI's Bima Sugam Regulations 2024 build a Digital Public Infrastructure marketplace to buy, service and claim any insurance policy in one place. What the March 2024 rules mean for policyholders.
Insurance
IRDAI's Protection of Policyholders' Interests Regulations 2024, notified 20 March 2024, give life buyers a 30-day free-look window. Here is exactly what an insurer may deduct, and the rupee arithmetic.
Insurance
IRDAI's 2024 Master Circular fixes hard claim-settlement deadlines: 15 days for a death claim, 7 for a surrender. Miss them and the insurer owes you 7.50% interest, paid suo-moto.
Insurance
IRDAI's 12 June 2024 Master Circular merged four circulars into one: a mandatory Customer Information Sheet, compulsory policy loans on savings products, health riders without surrender and pension partial withdrawals - explained with worked numbers.
Insurance
IRDAI's 12 June 2024 Life Products Circular rewrote how much you get on exiting a policy. GSV vs SSV explained, with worked surrender-value numbers, the 25% pension cap and policy-loan traps.
Insurance
A rejection letter reads like a final decision. It is not — it is one party's position, and there is a free adjudicator who reviews it. The process needs no lawyer, and the single most important document is the one insurers are required to give you and often do not.
Insurance
The mis-sold insurance policy is among the most common financial injuries in India, and the window to undo it is wider than most people realise. IRDAI's 2024 regulations give 30 days from receiving the document to cancel — regardless of how the policy was sold.
Insurance
IRDAI's 29 May 2024 Health Master Circular charges insurers Rs 5,000 a day for ignoring an Ombudsman award and bars any claim repudiation without Claims Review Committee sign-off. Worked numbers and pitfalls explained.
Insurance
IRDAI's 29 May 2024 health master circular fixes the moratorium at 60 months of continuous cover, after which insurers cannot deny a claim for non-disclosure or misrepresentation, except for established fraud.
Insurance
IRDAI's 29 May 2024 Health Master Circular gives insurers one hour to approve cashless claims and three hours to clear discharge, with delay costs charged to the insurer's own fund. Explained with worked numbers.
Insurance
IRDAI's Corporate Governance Master Circular 2024 sets board composition, mandatory committees and accountability standards for insurers. Here is how these board-level rules protect policyholders.
Insurance
The IRDAI 2024 Expenses of Management and Commission Master Circular (IRDAI/F&I/CIR/79/5/2024) caps what insurers may spend on commission and running costs - money that comes straight from your premium.
Insurance
IRDAI Circular IRDA/HLT/REG/CIR/86/05/2019, effective 1 July 2019, standardised the revised Part C request and the new Part D cashless authorization letter behind every hospital cashless health claim.
Insurance
The 2024 IRDAI Master Circular on General Insurance Business repeals thirteen circulars and forces random, automated surveyor allocation. Here is what it means for your motor policy, with worked premium and claim numbers.
Insurance
The IRDAI Protection of Policyholders' Interests Regulations 2024 explained: the 30-day free-look, time-bound grievance redressal, and the room-rent and co-pay traps every buyer should check.
Insurance
The IRDAI (Insurance Products) Regulations 2024 merge six product rulebooks into one framework, strengthening surrender value and disclosure rules. Here is what changes for your policy, with worked numbers.
Insurance
IRDAI's 2024 Master Circular gives insurers two weeks to resolve a grievance and 30 days to honour an Insurance Ombudsman award, with a Rs 5,000-per-day penalty for delay. Here is how the timeline works.
Insurance
The IRDAI Life Insurance Products Master Circular of 12 June 2024 fixes a 30-day free-look window and floors guaranteed and special surrender values. Here is how the numbers actually work.
Insurance
The IRDAI Master Circular on Health Insurance dated 29 May 2024 gives buyers a 30-day free-look, a 60-month moratorium and cashless discharge within 3 hours. Here is how each right works.
Insurance
How the IRDAI Life Products Master Circular 2024 fixes ULIP surrender values, the third-anniversary rule and the 90%-at-4% maturity floor, explained with worked numbers and the insurer's disclosure duties.
Insurance
Section 64UM of the Insurance Act 1938 makes a licensed surveyor mandatory for general-insurance claims of Rs 20,000 or more. Here is how the report is built and how insurers may lawfully differ from it.
Insurance
Section 41 of the Insurance Act 1938 bans premium and commission rebates offered as an inducement to buy cover. Here is what the ban covers, the up-to Rs 10 lakh penalty, and the sole legal exception.
Insurance
Section 64VB of the Insurance Act 1938 bars insurers from assuming risk until premium is received. Here is how the three sub-sections fix the exact date your cover attaches, with worked timelines.
Insurance
Section 38 of the Insurance Act 1938 lets you assign a life policy by witnessed endorsement, but it binds the insurer only on notice - and the company can refuse a non-bona-fide transfer within 30 days.
Insurance
IRDAI's 2024 master circulars give every life and health policyholder 30 days to review and cancel a new policy. Here is how the free-look refund is calculated and the wording traps to avoid.
Insurance
IRDAI's Master Circular on Corporate Governance for Insurers, 2024 (dated 22 May 2024) resets insurer board composition, six mandatory committees and KMP accountability. A clause-by-clause guide.
Insurance
Section 45 of the Insurance Act 1938 makes a life policy incontestable after three years. We work through the statutory text, the three-year clock, revival resets and the wording traps that survive it.
Insurance
IRDAI's Bima Sugam Regulations, notified 20 March 2024, create a not-for-profit digital marketplace to buy, service and claim insurance with zero consumer fees. Here is what the law says.
Enforcement
IRDAI, by orders dated 15 July 2024, imposed Rs 2 crore on Bajaj Finance for reconciliation and record-keeping lapses it found, and Rs 1 crore on Aegon Life (now Bandhan Life) for an AML compliance breach.
Enforcement
IRDAI, by orders of October 2022, imposed Rs 2 crore on Axis Bank and Rs 3 crore on Max Life over share transactions the Authority found breached its directions on transfers and commission limits.
Enforcement
IRDAI, by an order dated 25 July 2025, imposed a Rs 3.39 crore penalty and a warning on Star Health for non-compliance it found with its Information and Cyber Security Guidelines, 2023.
Enforcement
IRDAI, in an order dated 1 August 2024, imposed two penalties of Rs 1 crore each on HDFC Life Insurance for lapses it found in policyholder protection and outsourcing norms during a 2020 inspection.
Insurance
IRDAI's 2024 EoM Regulations cap general insurers at 30% and standalone health at 35% of premium, fold commission into one ceiling, and charge any excess to shareholders. Explained with worked numbers.
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