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The Government of India has notified 5 February 2026 as the commencement date for the Sabka Bima Sabki Raksha (Insurance for All, Protection for All) (Amendment of Insurance Laws) Act, 2025, including 100% foreign investment in Indian insurers.

With the advent of free pricing regime for general insurance industry, the Insurance Regulatory and Development Authority (IRDA) has recently amended its guidelines for `file and use' requirements for general insurance products by necessitating insurers to avoid unscrupulous rate cutting in a de -tariffed regime.

To promote ease of doing business, IRDAI issued IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 20241, ("RCTA Regulations").

On September 29, 2022, the CCI approved the proposed combination notice filed by Bank of Baroda involving acquisition of 21% shares of IndiaFirst Life Insurance Company Limited (‘IFLIC')...

In a sharp reminder that a mere mishap does not morph into a manufacturing defect, the Karnataka State Consumer Disputes Redressal Commission (Principal Bench, Bengaluru) on 5 January 2025...

The Competition Commission of India has approved a significant restructuring in the insurance sector involving Fairfax-controlled FAL Corporation, Go Digit Infoworks Services, and Go Digit General Insurance. The transaction involves a scheme of amalgamation that will merge Infoworks into Digit General, fundamentally altering the ownership structure and reducing the effective voting interest of existing minority shareholders from 52% to approximately 14.92%.

The final form of amendments to the Indian Insurance Companies (Foreign Investment) Rules, 2015 have now been notified, with effect from 30 December 2025 (Amendment).

The Foreign Exchange Management (Non-Debt Instruments) Rules 2019 (NDI Rules) have been amended to permit foreign investment up to 74% for insurance companies in India.

By way of an update, the IRDAI has notified the IRDAI (Insurance Brokers) (First Amendment) Regulations 2018 (First Amendment).

The Payment of Gratuity Act, 1972 ("Act") obligates the procedure and payment of gratuity to employees who have been employed at organizations, as prescribed under the Act.

On August 20, 2019, CCI approved the acquisition of 51.20% of the total equity shareholding of Apollo Munich Health Insurance Company Limited (‘Apollo Munich') by Housing Development Finance Corporation

As previously reported, the Indian general insurance market is in the midst of a transition from a tariff based regime to a more market driven system.

While granting the approval, it is customary for the IRDAI to impose a lock-in period on the shares acquired.

In line with Section 101A of the Insurance Act, insurers are required to reinsure with Indian re-insurers a specified percentage of the sum assured on each policy ("Mandatory Cessions").

Late last year, the IRDAI had released an exposure draft on regulations governing the establishment and operation of the proposed Indian branch of the Lloyd's of London.

Limits on remuneration/rewards to intermediaries has been an area which is highly controversial and keenly debated, following the changes introduced by the Insurance Laws (Amendment) Act, 2015.