Insurance Newsletter August 2025

The Supreme Court, in the case of New India Assurance Co. Ltd. & Ors. vs. M/s Louis Dreyfus Commodities India Pvt. Ltd. (2026 INSC 876) ('New India Assurance vs. Louis Dreyfus'), has held that where an insurance policy covers turnover on a running annual basis, the insurer cannot be held liable for a loss that occurs after the insured's actual turnover has exceeded the turnover for which premium has already been paid, even where the policy itself is expressed as an annual turnover based cover.

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 Indian insurance sector is at an inflection point. Parliament has passed a landmark amendment law. The regulator is readying a consultation paper on distribution reforms. The Government has set an ambitious mission of ‘Insurance for All by 2047’.

インド保険市場の構造、関係者、そして法的枠組みに関する入門ガイド

The Supreme Court’s decision in K. Prakashchand v. Oriental Insurance Co. Ltd. is an important ruling on the rights of financiers in motor insurance claims.

Hot on the heels of adoption of the Sabka Bima Sabki Raksha (Insurance for All, Protection for All) (Amendment of Insurance Laws) Act, 2025 (Amendment Act), the Insurance Regulatory and Development Authority of India (IRDAI) has begun translating the “Insurance 2.0” reforms into its operating framework. Our coverage of the journey so far is set out in our Ergos dated 9 December 2024, 3 February 2025, 5 September 2025, 18 December 2025, 16 January 2026, 4 February 2026 and 15 June 2026.

As set out in our previous Ergos of 9 December 2024, 3 February 2025, 5 September 2025, 18 December 2025, 16 January 2026 and 4 February 2026, there has been a significant shift in the foreign investment regime in the insurance sector with the announcement of the foreign direct investment (FDI) cap in the insurance sector being raised to 100% (from the previous threshold of 74%).

The International Energy Agency has since described the resulting disruption as the largest to the global oil market in its history. Brent crude hit its peak at USD 126 per barrel in March 2026 and is presently at approximately USD 80, and over 2,000 ships and 20,000 mariners remain stranded in the Persian Gulf.

In commercial insurance disputes in India, one practice continues despite attracting repeated judicial criticism. After a major loss, the insurer appoints a surveyor, the claim is assessed at a substantially reduced amount, and the insured, at times, is forced to sign a discharge voucher accepting a reduced amount towards “full and final settlement.”

It is frequently assumed that insurance brokers and insurance agents occupy the same role, and the two terms are often used interchangeably in common parlance. However, each role is legally and functionally distinct and serves different stakeholders in the insurance sector.

RBI's February 13, 2026, amendments to capital market exposure framework, effective from April 1, 2026 (or earlier if adopted by banks), enable Indian banks, for the first time, to finance LBOs/acquisitions up to 75% of deal value, subject to specified conditions.

As AI-generated visuals become routine in creative pitches, a new legal grey zone is emerging, one that many businesses underestimate until it becomes a dispute. A common scenario illustrates this risk.

Narendra Dingankar – Partner, shares the latest insights on The Repealing and Amending Act, 2025, and its key amendments to the Indian Succession Act, General Clauses Act, and Civil Procedure Code.

Our Competition Law Newsletter gives summarised updates on the key legal and regulatory developments in the domain of Competition Law occurring between July 2025 to September 2025.

Our Media and Entertainment Law Newsletter for the months of September and October 2025 giving summarized updates on the developments relevant to the Media and Entertainment industries.

Our Gaming Law update for October 2025 provides a summary of the key developments arising out of the Draft Promotion and Regulation of Online Gaming Rules, 2025.

The Lok Sabha on August 20, 2025, passed the Promotion and Regulation of Online Gaming Bill, 2025 which received the President's assent on August 25, 2025 ("Act").

n Gayatri Balasamy ("Appellant") vs. ISG Novasoft Technologies Limited ("Respondent")1, a five-judge constitution bench of the Hon'ble SupremeCourt of India ("SC")...

The Ministry of Communications (Department of Telecommunications) hasreleased draft Telecommunications (Radio Equipment Possession Authorization)...

The Telecom Regulatory Authority of India ("TRAI") has released comprehensiverecommendations on February 21, 2025...