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The amendments to the Insurance Act, 1938 (Insurance Act), including the increase of foreign investment ceiling in insurance companies from 26% to 49%, have come into effect from 26 December 2014.

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”).

This amended procedure shall be applicable to all the offers for which Public Announcement is made on or after January 2, 2017.

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.

Data is the oil that fuels the digital economy. It is the raw material that powers everything - from online shopping to social media, to artificial intelligence.

Introduction The monthly rate of contribution under the Employees' State Insurance Act, 1948 ("ESI Act") has been reduced to 4% from 6.5%. While the employer's share of contribution

These final regulations are broadly in similar terms to their respective exposure drafts.

In a significant pronouncement on motor insurance liability, the Supreme Court of India in Hind Samachar Ltd. (Delhi Unit) v. National Insurance Company Ltd. & Ors.

The insurance sector plays a pivotal role in promoting the economy of every country.

General insurance companies have put a proposal in front of the Insurance Regulatory Development Authority to bring down fraudulent third party claims and cut losses.

As per the traditional common law, the principles of natural justice can be narrowed down to two Latin maxims:

Insurance distribution involves marketing to clients by an insurer's in-house team and engaging intermediaries such as individual agents, corporate agents, and point of sales persons.

The commission/remuneration and rewards payable to insurance agents and insurance intermediaries (such as insurance brokers, corporate agents, web aggregators and insurance marketing firms)...

Recent changes to the framework regulating investments in the Indian insurance sector are a welcome effort as the appetite for private equity funds to invest in Indian insurance companies increases.

The Supreme Court of India in its decision in Saurashtra Chemicals Ltd. v. National Insurance Co. Ltd., [Civil Appeal No. 2059 of 2015] held that if the insurer has not taken delay in intimation on the part of the insured ...

Finance is undeniably the life and blood of business. What is also undeniable is the fact that finance or money is dynamic and fluid in nature.

Prior to the PE Guidelines, there were no regulations specifically catering to private equity investors, and they were considered at par with any other investor for the purpose of investment.

Analysis of New India Assurance v. Dolly Satish Gandhi where Supreme Court held mediclaim reimbursements are not deductible from motor accident compensation, resolving conflicting High Court positions.