India: Insurance Laws and Products

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Insurance law and insurance regulation thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as reinsurance, insurance law and insurance 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
Article
Insurance 2.0 | NDI Rules Amended To Allow 100 Percent Foreign Investment In Insurers
As set out in our previous Ergos of 9 December 2024, 3 February 2025, 5 September 2025, 18 December 2025, 16 January 2026 and 4 February 2026, there has been a significant shift in the foreign investment regime in the insurance sector with the announcement of the foreign direct investment (FDI) cap in the insurance sector being raised to 100% (from the previous threshold of 74%).
India Insurance
KC
Khaitan & Co LLP
Article
How IRDAI’s New KMP Remuneration Framework Is Reshaping Insurance Governance And Executive Accountability In India
The Insurance Regulatory and Development Authority of India (“IRDAI”), through its Circular dated 25 May 2026, has amended the Master Circular on Corporate Governance for Insurers, 2024 to revise the performance assessment and remuneration framework applicable to Key Management Personnel (“KMPs”) of insurers. While the amendments formally relate to executive remuneration, they reflect a broader regulatory shift towards policyholder-centric governance, enhanced management accountability and greater transparency within the insurance sector.
India Commercial
LP
Legitpro Law
Article
D&O Insurance In The Age Of Data Governance: Premium Realities Under India’s DPDP Regime
India’s enactment of the Digital Personal Data Protection Act, 2023 (“DPDP Act”) marks a decisive shift toward a modern data protection regime anchored in accountability, consent, and enforcement. While the statute is primarily directed at “data fiduciaries,” its implications extend well beyond operational compliance. At the boardroom level, the Act has triggered a reassessment of governance responsibilities, risk allocation, and critically Directors and Officers (“D&O”) insurance.
India Commercial
KS
King, Stubb & Kasiva
Article
Insurance Newsletter: Quarterly Updates For January To March 2026
India's insurance sector underwent transformative regulatory changes in Q1 2026, with the government increasing foreign direct investment limits to 100% and IRDAI implementing sweeping modernization measures. These developments signal unprecedented opportunities for international stakeholders while introducing new compliance frameworks for domestic players navigating the evolving regulatory landscape.
India Insurance
I
CMS INDUSLAW
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