ARTICLE · 17 JANUARY 2024

Cyber Insurance

NovoJuris Legal

Explore more from NovoJuris Legal

As many organizations process personal and sensitive information, continuously monitoring data protection practices should be a part of organizations' data governance frameworks.

IndiaInsurance

Author LinkedIn connections

Why do you need a Cyber Insurance Policy?

As many organizations process personal and sensitive information, continuously monitoring data protection practices should be a part of organizations' data governance frameworks.

Organizations need to implement robust privacy and security practices considering the standard industry practices, the data processing activities, and the applicable legal and regulatory requirements.

The adequacy of privacy and security practices always depends on whether they can address the dynamic risks and threats in the cyber sphere. Regular assessment of an organization's privacy and security practices could help in verifying the adequacy of privacy and security practices.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

IRDA Proposes To Recalibrate The Economics Of Insurance Distribution

Majmudar & Partners

Beyond Complaint Resolution: The Evolution Of The Insurance Grievance Redressal Framework

Data Localisation In The Indian Insurance Sector

Insurance 2.0 | Distribution Architecture Overhaul IRDAI Proposes To Recalibrate The Economics Of Insurance Distribution

Reforming Insurance Distribution: Key Proposals Under IRDAI’s Consultation Paper

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Insurance & Reinsurance

See more popular content from

Insurance

India’s IRDAI Overhauls The Insurance Company Share Transfer And Amalgamation Framework

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”).

Majmudar & Partners

Reforming Insurance Distribution: Key Proposals Under IRDAI’s Consultation Paper

On 23 September 2026, the IRDAI proposed major changes for the insurance distribution landscape through its Consultation Paper on “Recalibrating Economics of Insurance Distribution” (“Paper”).

IRDAI's Update On Turnaround Times For Insurance Companies

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.

IRDA Proposes To Recalibrate The Economics Of Insurance Distribution

The Insurance Regulatory and Development Authority of India (“IRDAI”) released a public consultation paper last month titled, “Recalibrating Economics of Insurance Distribution” (the “PCP”), inviting stakeholder comments. Aligned with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, the PCP addresses IRDAI’s concern that distribution costs have risen disproportionately to premium growth without corresponding improvements in policyholder outcomes or insurance penetration.

Majmudar & Partners

National Insurance Company Limited v Pranay Sethi: Supreme Court guidelines on compensation in Motor Accident Claims

A 5 Judge Bench of the Supreme Court in National Insurance Company Limited v Pranay Sethi, has laid down guidelines on the fixation of future prospects in cases of motor accidents for victims who are permanently employed, receiving a fixed salary, or self-employed.

IRDAI (Insurance Products) Regulations, 2024

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.

JSA Advocates & Solicitors

Pre-Existing Diseases Rules Changed In Health Insurance To Benefit Policyholders

In a bid to make health insurance more simple and customer-friendly, the Insurance Regulator and Development Authority of India (IRDAI) recently amended the definition...

Ethical Legal Consultants

A Comprehensive Guide On The Latest IRDAI Regulatory Reforms

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.

Insurance Sector Reforms: Parliament Approves The Bill Including Proposal For 100% Foreign Investment In Insurance Companies

The Lok Sabha (lower house of the Parliament) on Tuesday (December 16, 2025) and the Rajya Sabha (upper house of the Parliament) on Wednesday (December 17, 2025) cleared the much-anticipated landmark insurance reforms bill i.e., The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 (the "Bill").

JSA Advocates & Solicitors

IRDAI's Regulatory Sandbox Regulations 2025: Key Changes For Insurance Innovation

The IRDAI first introduced the regulatory sandbox framework in 2019 with the objective of permitting controlled experimentation in the insurance sector while maintaining policyholder protection and orderly market development.