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”).

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”).

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 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.

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.

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.

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...

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").

As per the Economic Survey, 2021, insurance penetration in India stands at a mere 4.2%, reflecting a low level of coverage within the population.

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.

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.

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 Maharashtra Stamp (Amendment) Act, 2025 ("Amendment Act"), enacted on April 1, 2025, introduces several key changes to the Maharashtra Stamp Act, 1958 ("Maharashtra Stamp Act").

Aggrieved by the order of the trial court, the Respondent/original Plaintiff filed a revision petition before the High Court of Madras...

The Government of Tamil Nadu ("GoTN") had passed an amendment act i.e., the Indian Stamp (Tamil Nadu Amendment) Act, 2023 ("Amendment Act")...

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.

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.

On May 8, 2026, the Ministry of Labour and Employment notified the Model Standing Orders, 2026 (“Model Standing Orders 2026”) under Section 29(1) of the Industrial Relations Code, 2020 (“IR Code”). The notification supersedes the earlier Industrial Employment (Standing Orders) Central Rules, 1946 insofar as they related to model standing orders, and prescribes separate model standing orders for the mining, manufacturing and services sectors.

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").

In a landmark ruling, the Supreme Court of India ("Supreme Court") in K. Gopi vs. Sub-Registrar and Ors.1 held Rule 55A(i) of the Tamil Nadu Registration Rules, 1949 ("Registration Rules") ultra vires...