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In the wake of COVID-19 pandemic and the consequent lock-down, the Finance Minister of India on June 08, 2020 has proposed to decriminalise minor offences...

The committee set up to draft a Code on Resolution of Financial Firms, by the Ministry of Finance, Government of India, on September 28, 2016, released a draft bill – The Financial Resolution and Deposit Insurance Bill, 2016...

The Government of India ("GOI") has been constantly striving to make India an investment hub and in its endeavour to do so, has been introducing timely changes to its foreign investment regime.

Previously, foreign investment beyond 26 per cent and up to 49 per cent required the prior approval of the government (through the Foreign Investment Promotion Board ("FIPB")).

Ahead of announcing the Union Budget for the financial year 2023-24 (Budget) on February 1, 2023, the Government of India tabled the Economic Survey 2022-23 (Economic Survey) on January 31, 2023...

Partial withdrawal may now be opted under unit linked pension policies

Acquisitions of companies can be simultaneously challenging and fascinating, given the gamut of issues one needs to take care of.

This case involves a property damage claim made by Vedic Resorts and Hotels (Insured) under an insurance policy issued by National Insurance Company Ltd (Insurer).

Insurance sector plays a very vital role in stimulating the economy. It promotes financial stability, facilitates trade and commerce, manages and strengthens the risk-taking ability.

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.

One of the most debated issues in the insurance sector is whether there should be regulatory reform of existing insurance distribution channels.

In commercial supply agreements/contracts, sometimes supplier of goods prefers to take insurance in order to avoid the risk of payment by the buyer.

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 issued a press release on 26 April 2022 wherein they stated that with the objective of ensuring ease of doing business in the insurance sector, for both global and domestic investors,...

The Indian insurance sector has reached a historic milestone. Following the notification of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws)...

Some of the key announcements Finance Minister Nirmala Sitharaman made in the Union Budget on July 5, 2019 on insurance.

The Insurance Regulatory and Development Authority of India ("IRDAI") has, by way of a circular dated 18 May, 2015, issued the IRDAI (Transfer of Equity Shares of Insurance Companies) Regulations, 2015...