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ARTICLE · 04 FEBRUARY 2025

A Comprehensive Guide On The Latest IRDAI Regulatory Reforms

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On 10th January 2025, IRDAI published a press release stating that in the interest of maintaining an "agile, progressive, and forward-looking regulatory framework," it has notified two new regulations along with three amendments to existing regulations.

IndiaInsurance
Neeraj Vyas
Neeraj Vyas
Mona Gupta
Mona Gupta
Sidharth S. Kumar
Sidharth S. Kumar
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On 10th January 2025, the Insurance Regulatory and Development Authority of India ("IRDAI") published a press release stating that in the interest of maintaining an "agile, progressive, and forward-looking regulatory framework," it has notified two new regulations along with three amendments to existing regulations. These are:

  1. IRDAI (Regulatory Sandbox) Regulations 2025;
  2. IRDAI (Maintenance of Information by the Regulated Entities and Sharing of Information by the Authority) Regulations 2025;
  3. IRDAI (Re-insurance Advisory Committee) (Amendment) Regulations 2025;
  4. IRDAI (Insurance Advisory Committee) (Amendment) Regulations 2025; and
  5. IRDAI (Meetings) (Amendment) Regulations 2025.

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