FAQs On IFSC Insurance Office

On July 30, 2026, the Insurance Regulatory and Development Authority of India (the “IRDAI”) notified the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) (Amendment) Regulations, 2026 (the “Amendment Regulations”), amending the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024 (the “Principal Regulations”).

The IRDAI (Insurance Products) Regulations, 2024 ("Product Regulations"), were issued to facilitate the development of innovative insurance products and offer a swift response to the evolving market demands.

The IRDAI has introduced a new regulatory framework that streamlines turnaround times for the various activities and services conducted by Indian Insurance Companies, replacing the previous regulatory regime.

The Regulations were keenly awaited by the Indian insurance sector and aim to keep at pace with the changing market dynamics.

On December 21, 2025, the Indian government published the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 (the "Amendment Act") in the official gazette for general information.

The Regulatory Sandbox Report recommends the creation of a core Sandbox Committee.

Following a review of the insurance legislative framework in India by the Finance Ministry, in consultation with the IRDAI and other stakeholders in the industry

To promote ease of doing business, IRDAI issued IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 20241, ("RCTA Regulations").

With a continually increasing market size and growth of almost 20% every year, health insurance products have seen an improved uptake in recent times.

The insurance sector plays a pivotal role in promoting the economy of every country.

A two judge bench of the Hon’ble Supreme Court of India (“Supreme Court”) in S. Valliammai and Ors. vs. S. Ramanathan and Anr. recently held that Order II Rule 2, Code of Civil Procedure, 1908 (“CPC”) cannot constitute a ground for rejection of plaint under Order VII Rule 11(d) of the CPC. The Supreme Court drew a critical distinction between the two provisions clarifying that while Order II Rule 2 curtails the right to sue for certain claims or reliefs, but it does not bar filing of a suit under Order VII Rule 11(d) of the CPC.

The IRDAI (Insurance Products) Regulations, 2024 ("Product Regulations"), were issued to facilitate the development of innovative insurance products and offer a swift response to the evolving market demands.

On November 7, 2024, a 3 (three) judge bench of Hon'ble Supreme Court of India ("Supreme Court") delivered their judgment in the matter of State Bank of India and Ors.

On June 11, 2024, a single judge bench of the Hon'ble High Court of Madras ("Madras HC") in R. Mohanakrishnan v Deputy Inspector General of Police...

NGT has registered a suo-motu original application in response to a news article titled 'People Are Breathing In CancerCausing Chemicals in their cars study find' appearing in NDTV.com dated May 8, 2024.

The Goods and Services Tax Appellate Tribunal ("GSTAT") has become operational effective September 24, 2025, in accordance with the provisions of the Central Goods and Services Tax Act, 2017 ("CGST Act")...

In the recent case of Mukesh vs. The State of Madhya Pradesh and Anr., the Hon'ble Supreme Court of India adjudicated on the issue of whether compromise decrees that assert pre-existing rights necessitate registration under the Registration Act, 1908 and are subject to stamp duty under the Indian Stamp Act of 1899.

The Hon'ble Supreme Court of India ("Supreme Court"), in Maharashtra State Electricity Distribution Company Limited v. M/s. JSW Steel Ltd. & Anr. ("Civil Appeal")...

The Government of India is implementing the National Green Hydrogen Mission (“NGHM”), with an objective to make India a global hub of production, usage and export of green hydrogen and its derivatives. A global demand of over 100 (hundred) million metric tonnes of green hydrogen and its derivatives is expected to emerge by 2030.

A 2 (two) judge bench of the Supreme Court of India ("Supreme Court") has in Gaddipati Divija and Another v. Pathuri Samrajyam & Ors.