Category: Regulatory Updates

  • Regulatory Updates

IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2025

The Insurance Regulatory and Development Authority of India (“IRDAI”) has issued the IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2025 (“Fraud Monitoring Guidelines”) dated October 09, 2025, with the purpose to address and manage risks arising out

Launch of Foreign Currency Settlement System (FCSS) of GIFT IFSC

The International Financial Services Centres Authority (“IFSCA”) has issued a press release dated October 7, 2025 regarding the launch of the Foreign Currency Settlement System (“FCSS”) of GIFT IFSC by the Hon’ble Finance Minister, Smt. Nirmala

Circular on National Cyber Security Awareness Month 2025 (NCSAM)

The Insurance Regulatory and Development Authority of India (“IRDAI“) has issued a circular dated October 06, 2025, on National Cyber Security Awareness Month, 2025 (“NCSAM 2025“). The key highlights of the Circular are as follows: The

IFSCA Chairperson’s address on IOSCO World Investor Week, 2025

The International Financial Services Centres Authority (” IFSCA “), through a press release dated October 6, 2025, shared a message from the Chairperson of IFSCA, Mr. K. Rajaraman, on the occasion of IOSCO World Investor Week

IRDAI GDP flash figure of Non-Life Insurers up to August 2025

The Insurance Regulatory and Development Authority of India (“IRDAI”) has uploaded Gross Direct Premium Flash Figure for Non-Life Insurers up to the month of August 2025. Please find the file attached herewith for your reference. Source

Public notice on fake website

The Insurance Regulatory and Development Authority of India (“IRDAI“) has issued a public notice (“Notice“) dated September 30, 2025, advising the general public and policyholders to refrain from accessing or engaging with fraudulent websites. The key

Order in the matter of M/s Shriram Life Insurance Company Limited

The Insurance Regulatory and Development Authority of India (“IRDAI“) issued an order in the matter of M/s Shriram Life Insurance Company Limited (hereinafter referred to as “SLIC” or “Insurer“) vide order bearing reference number IRDAI/E&C/ORD/MISC/105/9/2025 dated

Consultation Paper on Draft IFSCA FinTech Sandbox Framework

The International Financial Services Authority (“ IFSCA ”) has issued a consultation paper on the “Draft IFSCA FinTech Sandbox Framework” dated September 19, 2025 (herein referred as “ Draft Framework ”) to facilitate growth of fintech

The International Financial Services Authority ( IFSCA ) has issued a consultation paper on the Draft IFSCA FinTech…

The International Financial Services Authority (“IFSCA”) has issued a consultation paper on the “Draft IFSCA FinTech Sandbox Framework” dated September 19, 2025 (herein referred as “Draft Framework”) to facilitate growth of fintech innovations at IFSCs across

Press Release on launching of the Bima Sugam India Federation website

The Insurance Regulatory and Development Authority of India (hereinafter referred to as the “IRDAI”) has issued a Press Release on launching of the Bima Sugam India Federation website (hereinafter referred to as the “BSIF” ) on