Category: Regulatory Updates

  • Regulatory Updates

IFSCA executes MoU with Financial Supervisory Commission Taiwan

The International Financial Services Centres Authority (“ IFSCA ”), via its press release dated December 05,2025, has announced the execution of an MoU with Financial Supervisory Commission (“ FSC ”) Taiwan. The key aspects of the

IRDAI First year Premium for Life Insurers for the period ending November 30, 2025

IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the period ending November 30, 2025. Summary of the details are as under: New Business Statement of Life Insurers for the

IRDAI – Final Order in the matter of Shri Datta Maharudra Kore

The Insurance Regulatory and Development Authority of India (“ IRDAI / Authority ”) has issued the final order bearing reference number IRDAI/SUR/ORD/ONS/131/11/2025 in the matter of Shri Datta Maharudra Kore (“ Surveyor ”) pertaining to the

IRDAI- Final Order in the matter of Shri Deepak Ganpatlal Sharma

The Insurance Regulatory and Development Authority of India (“ IRDAI ” / “ Authority ”) has issued the final order bearing reference number IRDAI/SUR/ORD/ONS/130/11/2025 in the matter of Shri Deepak Ganpatlal Sharma pertaining to the receipt

Draft Insurance Ombudsman (Amendment) Rules, 2025

The Ministry of Finance (Department of Financial Services) has notified the Draft rules to amend the Insurance Ombudsman Rules, 2017 (“ Draft Rules ”) bearing Ref. No. G.S.R. 864(E), dated November 25, 2025. The Draft Rules

Press Release on IRDAI’s call for Stronger Customer-centricity and higher standards of Grievance Red

The Insurance Regulatory and Development Authority of India (‘ IRDAI’ or ‘ Authority ’) has issued a Press Release titled ‘IRDAI Calls for Stronger Customer-Centricity and Higher Standards of Grievance Redressal in Industry Meeting with CCOs

Consultation Paper on proposed amendment to IFSCA (Registration of Insurance Business) (Amendment) R

The International Financial Services Authority (“ IFSCA/ Authority ”) has issued a consultation paper on the proposed IFSCA (Registration of Insurance Business) (Amendment) Regulations, 2025 dated November 19, 2025 (herein referred as “ Draft Regulation ”)

Order in the matter of Reliance Nippon Life Insurance Co. Ltd.

The Insurance Regulatory and Development Authority of India (“ IRDAI / Authority ”) issued an order in the matter of M/s Reliance Nippon Life Insurance Company Limited (hereinafter referred to as the “ Insurer/Company ”) vide

IFSCA (Performance Review Committee) Regulations, 2022 as amended upto September 29, 2025

The International Financial Services Centres Authority (“ IFSCA ”) has notified the IFSCA (Performance Review Committee) Regulation, 2022 as amended up to September 29, 2025 (“ Regulation ”). The amended Regulation is notified in exercise of

IRDAI Press Release on World Bank’s Financial Sector Assessment (FSA) Report under FSAP Mission, 202

The Insurance Regulatory and Development Authority of India (“ IRDAI ”) has issued a Press Release on World Bank’s Financial Sector Assessment (“ FSA ”) Report under FSAP Mission, 2024 (“ Press Release ”) dated November