 "What is Insurance Regulatory and Development Authority of India (Irdai) ?")
IRDAI
What is Insurance Regulatory and Development Authority of India (Irdai) ?
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Latest Updates on IRDAI
Irdai withholds variable pay of some insurers' CEOs over expense targets
Regulator's action follows unmet 'expense of management' targets
 "Irdai withholds variable pay of some insurers' CEOs over expense targets")
ICICI Bank to retain majority stake in ICICI Prudential Life Insurance
ICICI Bank reaffirmed its long-term commitment to ICICI Prudential Life Insurance after Prudential plc announced plans to reduce its stake below 10 per cent
 "ICICI Bank to retain majority stake in ICICI Prudential Life Insurance")
Irdai to frame Sabka Bima, Sabki Raksha Act norms within six months
Irdai said fresh regulations and amendments to existing insurance norms will be completed within six months of implementing the amended insurance law framework
 "Irdai to frame Sabka Bima, Sabki Raksha Act norms within six months")
Regulators, officials keep close watch on heightened geopolitical frictions
Says, it will keep a close watch on the emerging situation
 "Regulators, officials keep close watch on heightened geopolitical frictions")
High commissions a key concern, need attention: Irdai chairman Ajay Seth
Insurance regulator says rising commissions and weak profitability are undermining policyholder value and sector resilience
 "High commissions a key concern, need attention: Irdai chairman Ajay Seth")
RBI, Irdai not inclined to allow investments in commodity derivatives: Sebi
Sebi chairman Tuhin Kanta Pandey said banking and insurance regulators have valid concerns, while the market regulator plans an advisory on risks from AI-led models like Mythos
 "RBI, Irdai not inclined to allow investments in commodity derivatives: Sebi")
RBI, Irdai not inclined to allow commodity derivative investments: Sebi
Sebi Chairman stated that pension fund regulator had also looked at allowing pension funds to invest in commodity derivatives, but did not disclose whether it had made a decision
 "RBI, Irdai not inclined to allow commodity derivative investments: Sebi")
Insurance for All by 2047: What India needs to fix to meet the goal
Irdai's 'Insurance for All by 2047' vision aims universal coverage, but falling penetration, rural access gaps and affordability challenges raise questions over achieving the target
 "Insurance for All by 2047: What India needs to fix to meet the goal")
Regulations should minimise non-compliance, boost activity: Irdai chief
Irdai Chairman Ajay Seth advocates smart regulation and deregulation to balance compliance with growth and strengthen economic activity in India
 "Regulations should minimise non-compliance, boost activity: Irdai chief")
A first: Life insurers collected ₹4 trn in new business premium in FY26
Industry sees strongest growth since FY23 as new business premium crosses Rs 4 trillion, driven by GST cut, product launches and recovery after regulatory changes
 "A first: Life insurers collected ₹4 trn in new business premium in FY26")
Irdai seeks detailed data on distributor commission of life insurers
Insurance companies have shared the data on distributor commissions with Irdai as the regulator reviews distribution models amid concerns over high costs but are yet to get a response
 "Irdai seeks detailed data on distributor commission of life insurers")
Irdai revises cyber security norms, mandates stronger governance
Irdai strengthens cyber security framework with tighter board oversight, quarterly risk reviews and enhanced compliance norms for insurers and intermediaries
Irdai sets up sub-panel to review private health insurance landscape
Panel will assess coverage, claims, product design, and consumer experience, and suggest regulatory and operational steps to boost penetration, trust, and innovation
System readiness gaps: Insurers likely to seek forbearance for 1 year
Irdai had mandated insurers to transition to Ind AS effective April 1
Muted Q4 expectations, regulatory changes weigh on insurance majors
Insurance stocks fall up to 4% as weak March quarter outlook, geopolitical tensions and regulatory changes weigh on growth, margins and investor sentiment
 "Muted Q4 expectations, regulatory changes weigh on insurance majors")
LIC, New India Assurance, GIC Re retain systemically important status
Irdai retains LIC, New India Assurance and GIC Re as systemically important insurers for FY26, mandating enhanced supervision, governance norms and risk management oversight
Irdai seeks compliance check, action plan on dark patterns from insurers
Irdai asks insurers to assess compliance with dark pattern norms within 15 days and submit corrective action plans within a month for any non-compliance
 "Irdai seeks compliance check, action plan on dark patterns from insurers")
Irdai forms joint expert group to guide insurers on Ind AS transition
Irdai forms a joint expert group to guide insurers on Ind AS transition, addressing implementation challenges, audit clarity, and actuarial roles
 "Irdai forms joint expert group to guide insurers on Ind AS transition")
Irdai notifies Ind AS norms for insurers; allows one-year forbearance
Regulator allows one-year forbearance and extends parallel reporting to two years as insurers transition to Ind AS framework from April 2026
 "Irdai notifies Ind AS norms for insurers; allows one-year forbearance")
India's sub-sovereign borrowing costs top 8%, highest since July 2022
Indian states raised around 400 billion rupees ($4.22 billion) earlier in the day, of which 180 billion rupees, or 45% of the amount, was raised at cutoff yields ranging between 8.00% and 8.09%
 "India's sub-sovereign borrowing costs top 8%, highest since July 2022")