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Article
Insurance 2.0 | Distribution Architecture Overhaul IRDAI Proposes To Recalibrate The Economics Of Insurance Distribution
The Insurance Regulatory and Development Authority of India (IRDAI) has released a two-part public consultation paper titled ‘Recalibrating Economics of Insurance Distribution’ (Consultation Paper). Part 1 sets out the proposed reforms. Part 2 presents IRDAI’s analysis of distribution costs and commission structures across the industry. Together, they propose the most significant overhaul of the Indian insurance regime. Comments are due by 25 October 2026.
India Insurance
KC
Khaitan & Co LLP
Article
Bar On Extension Of Insurance Cover Without Premium: The Supreme Court On The "Statutory Embargo" Under Section 64VB In New India Assurance Co. Ltd. Vs. Louis Dreyfus Commodities India Pvt. Ltd.
The Supreme Court, in the case of New India Assurance Co. Ltd. & Ors. vs. M/s Louis Dreyfus Commodities India Pvt. Ltd. (2026 INSC 876) ('New India Assurance vs. Louis Dreyfus'), has held that where an insurance policy covers turnover on a running annual basis, the insurer cannot be held liable for a loss that occurs after the insured's actual turnover has exceeded the turnover for which premium has already been paid, even where the policy itself is expressed as an annual turnover based cover.
India Insurance
KS
King, Stubb & Kasiva
Article
India’s IRDAI Overhauls The Insurance Company Share Transfer And Amalgamation Framework
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”).
India Insurance
MP
Majmudar & Partners
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Insurance Laws and Products

Article
CCI Unconditionally Approves Fairfax-Backed Amalgamation Of Go Digit Infoworks Into Go Digit General Insurance
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%.
India Finance
AP
AZB & Partners
Article
Insurance 2.0 | Distribution Architecture Overhaul IRDAI Proposes To Recalibrate The Economics Of Insurance Distribution
The Insurance Regulatory and Development Authority of India (IRDAI) has released a two-part public consultation paper titled ‘Recalibrating Economics of Insurance Distribution’ (Consultation Paper). Part 1 sets out the proposed reforms. Part 2 presents IRDAI’s analysis of distribution costs and commission structures across the industry. Together, they propose the most significant overhaul of the Indian insurance regime. Comments are due by 25 October 2026.
India Insurance
KC
Khaitan & Co LLP
Article
Competition Concerns In IRDAI’s Consultation Paper On Recalibrating Insurance Distribution
IRDAI’s Consultation Paper on Recalibrating Economics of Insurance Distribution aims to strengthen competition in insurance distribution. This article argues that some of its proposals amount to differential treatment of distributors performing the same activity. Such treatment may weaken competition on merits, reduce customer choice and run against IRDAI’s own principle of ‘same activity, same regulation’.
India Anti-trust
CP
Corporate Professionals
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Reinsurance

Article
Insurance 2.0 | Distribution Architecture Overhaul IRDAI Proposes To Recalibrate The Economics Of Insurance Distribution
The Insurance Regulatory and Development Authority of India (IRDAI) has released a two-part public consultation paper titled ‘Recalibrating Economics of Insurance Distribution’ (Consultation Paper). Part 1 sets out the proposed reforms. Part 2 presents IRDAI’s analysis of distribution costs and commission structures across the industry. Together, they propose the most significant overhaul of the Indian insurance regime. Comments are due by 25 October 2026.
India Insurance
KC
Khaitan & Co LLP
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