Regulatory Updates

May, 30/05/2026

IRDAI - Circular on Remuneration to KMPs introducing amendments to Master Circular on Corporate Gov

The Insurance Regulatory and Development Authority of India ("IRDAI/Authority") has issued a Circular dated May 25, 2026 ("Circular") bearing reference IRDAI/F&I/CIR/MISC/72/5/2026, on the subject of Remuneration to Key Management Persons ("KMPs") of insurers. The Circular is issued in exercise of powers conferred by Section 34 of the Insurance Act, 1938,...


May, 30/05/2026

IRDAI - First Year Premium for Life Insurers for the period ending April 30, 2026

IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the period ending April 30, 2026. Summary of the details are as under: New Business Statement of Life Insurers for the Period ended 30th April 2026 (Premium & Sum Assured in Rs. Crore) Sl...


May, 25/05/2026

IFSCA - Press Release on Secretary, Department of Commerce visit to GIFT IFSC and key highlights

The International Financial Services Centres Authority (“IFSCA”/ “Authority”) has issued a Press Release dated May 16, 2026, regarding the visit of Shri Rajesh Agarwal, Secretary, Department of Commerce, Government of India to the IFSCA Headquarters at GIFT City for a high-level meeting with Shri K. Rajaraman, Chairperson, IFSCA , along with senior officials from...


May, 25/05/2026

IRDAI - GDP Flash Figures for Non-Life Insurers (April 2026)

The Insurance Regulatory and Development Authority of India ("IRDAI") has uploaded Gross Direct Premium Flash Figure for Non-Life Insurers for and up to the month of April 2026. Please find the file attached herewith for your reference.