Startup And Fundraising 24 September 2026
India's IRDAI Pushes Sweeping Insurance Overhaul
The Insurance Regulatory and Development Authority of India (IRDAI) plans to overhaul its distribution framework, tightening rules for agents, brokers and digital platforms. The changes aim to boost consumer protection, stop mis‑selling and push for transparent, tech‑driven practices across the sector.
Key points of the IRDAI proposal
- Tightened licensing and capital requirements for insurance agents and brokers.
- New compliance standards for digital insurers, including data security and customer consent.
- Mandatory disclosure of policy terms to curb mis‑selling and improve transparency.
The reforms are designed to modernize India's insurance market, protect consumers, and encourage the adoption of technology‑enabled services. For full details, see the original article.
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