IRDAI

IRDAI fines Canara HSBC Life and IndusInd Bank over mis-selling, grievance redressal lapses

September 11 2026

The latest penalties follow a string of enforcement actions targeting insurers' claims handling, expense management and operational controls.

IRDAI says 11 insurers adopt Ind AS from FY2027 as accounting transition gathers pace

IRDAI says 11 insurers adopt Ind AS from FY2026-27 as accounting transition gathers pace

September 11 2026

The regulator said it continues to engage with insurers due to adopt Ind AS from FY2027-28, addressing implementation challenges as they arise.

IRDAI fines ICICI Lombard $105k over outsourcing governance lapses

September 8 2026

The penalty relates to ICICI Lombard's failure to document ₹7.10bn (US$75.1m) of sales, marketing and business support spending in FY2019, part of which went to agents of other insurers.

IRDAI proposes public insurance registry to improve underwriting and claims management

September 2 2026

The proposed registry would give insurers access to richer claims, policy and risk data, helping improve underwriting accuracy, pricing discipline and portfolio management.

IRDAI health panel pushes for simpler products, faster claims handling

September 1 2026

Measures to simplify products, reduce claims friction and encourage broader use of the National Health Claims Exchange dominated discussions at the panel's latest meeting.

Purple 'AUDIT' stamp on a white surface with colorful charts in the background.

Edelweiss Life, Pramerica Life receive IRDAI warnings over FY2024-25 expense limit breaches

August 24 2026

The warnings follow similar restrictions on Acko General Insurance and Niva Bupa Health Insurance.

Magnifying glass over colorful Indian banknotes beside a calculator, suggesting financial scrutiny or budgeting.

IRDAI sanctions Niva Bupa, Acko for overshooting FY2025 expense limit

August 21 2026

The regulator barred both insurers from opening new branches for six months.

Health insurance claim form with a stethoscope and a stack of Indian ₹2000 notes beside it.

India weighs health insurance, claims reforms as medical costs surge — report

August 13 2026

A panel comprising regulators, insurers, hospitals, and led by the IRDAI chief will submit recommendations by year-end.

Ashwani Bhatia appointed Niva Bupa chairman, image of him with cityscape background.

IRDAI approves Ashwani Bhatia as Niva Bupa chairman

August 12 2026

The approval formalises the appointment of former SEBI whole-time member Bhatia as chairman of the standalone health insurer.

Girija Subramanian joins IRDAI as whole-time member

August 12 2026

With over 37 years of industry experience, former New India Assurance CMD Subramanian will oversee the distribution segment at the regulator.

Financial data and stock market graph with Indian Rupee symbol and government report context.

IRDAI mandates monthly insurer data reporting for government's service sector database

August 11 2026

Life, general, and health carriers will need to file premium, claims and investment income figures by the 15th of each month from July 2026.

Indian 500 rupee notes with a stethoscope on health insurance claim form.

India insurance complaints near 300,000 in FY2026 as claim disputes rise 28%

August 10 2026

Complaints rose 15.4% last financial year and the trend showed little sign of easing in the first quarter of FY2027.

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25 September