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The Insurance Regulatory and Development Authority of India ("IRDAI") has issued Guidelines ("Guidelines") on 19 October 2015 to further clarify "Indian Owned and Controlled" requirement for Indian insurance companies.

In a significant reaffirmation of victim-centric justice, the Supreme Court of India in K. Nagendra v. New India Assurance Co. Ltd. ruled that an insurer cannot deny...

In the last month the Tamil Nadu and Andhra Pradesh regions of India have suffered devastating floods, with the Chennai metropolitan region particularly damaged.

Re-insurance entities provide insurance services to insurers. Simply put, re-insurance is insurance for insurers, whereby the insurer contractually transfers (cedes) a portion of the risk to the re-insurer...

In recent weeks, India's space endeavors have garnered international attention, including on account of the successful soft-landing of Chandrayaan-3 near the lunar south pole...

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.

In this newsletter, we look at certain key regulatory and judicial developments, from the recently concluded quarter, for the insurance sector in India, including key regulatory...

Motor insurance business in India is regulated under the India Motor Tariff 2002 (IMT) issued by the erstwhile Tariff Advisory Committee in 2009.

On 30 December 2020, the Insurance Regulatory and Development Authority of India (IRDAI) held that the promoters of Sahara India Life Insurance Company Limited (Sahara Life),

India has a fairly structured insurance industry; however, the insurance industry is yet to adequately penetrate the ast population or to effectively cover different business sectors.

In our previous article on Managing General Agents (“MGAs”) in India, which can be accessed here, we noted that the statutory recognition of MGAs under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act 2025 (“2025 Amendment”) raised important questions for the GIFT City framework.

On May 2, 2022, a full bench of the Supreme Court of India ("SC") allowed an appeal filed by United India Insurance Co. Ltd. ("UIIC") against the order of the National Consumer Disputes Redressal Commission ("NCDRC")...

The Insurance Regulatory and Development Authority of India ("IRDAI") has introduced a new framework for corporate governance for Insurance Companies...

The Outer Space Treaty, Ownership of land and property on moon and other extra-terrestrial bodies is a thought which most of the people dream to achieve in their life.

The Aadhaar and Other Laws (Amendment) Bill 2018 (Aadhaar Bill) was recently passed in the Lok Sabha.

On 21 October 2022, the IRDAI had issued an exposure draft on the IRDAI Regulations 2022 with an aim to reduce the requirements on placement of reinsurance ...

With a continually increasing market size and growth of almost 20% every year, health insurance products have seen an improved uptake in recent times.