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Regulation & Compliance

Sarvada research, workflows, and commentary focused on regulation & compliance.

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46 published articles

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Regulation & Compliance

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May 13, 2026

Regulation & Compliance - April 28, 2026 - 12 min read

IRDAI Expenses of Management Regulations 2024: Impact on Commercial Insurance Buyers

The IRDAI Expenses of Management Regulations 2024 replaced product-level expense caps with company-level composite limits linked to premium income tiers, giving insurers flexibility to cross-subsidise across lines. Commercial buyers need to understand how this reshapes fire insurance pricing, broker commission dynamics, and the competitive incentives of non-life insurers.

By Tarun Kumar Singh

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Regulation & Compliance - April 9, 2026 - 16 min read

Post-IBC Workouts: How Insurance Covers (or Doesn't) Insolvent Creditors, Resolution Applicants, and Acquirers

The Insolvency and Bankruptcy Code reshapes insurance obligations at every stage of the corporate insolvency resolution process. This guide examines moratorium effects on insurance claims, D&O cover for resolution professionals, former directors, and committee of creditors, continuity of policies through approved resolution plans, and the priority of insurance proceeds in the section 53 waterfall.

By Tarun Kumar Singh

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Regulation & Compliance - April 2, 2026 - 6 min read

Insurance Ombudsman Scheme 2017 for Commercial Policyholders: Jurisdiction, Complaint Categories, and the INR 50 Lakh Limit

IRDAI's Insurance Ombudsman Scheme 2017 (as amended 2021) provides a free, binding grievance mechanism for commercial policyholders up to INR 50 lakh. Understand the 17 ombudsman offices, territorial jurisdiction, complaint scope, and how this forum differs from Consumer Courts and arbitration.

By Tarun Kumar Singh

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Regulation & Compliance - March 28, 2026 - 14 min read

Motor Vehicles (Amendment) Act 2019: Enhanced Penalties, Compensation Scheme, and Fleet Insurance Implications in India

An analysis of the Motor Vehicles (Amendment) Act 2019 and its 2021 enforcement, covering enhanced penalties, the hit-and-run compensation scheme, MACT exposure under Sections 163A and 166, telematics compliance, e-challan linkage, and third-party insurance implications for commercial fleet operators.

By Tarun Kumar Singh

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Regulation & Compliance - March 26, 2026 - 17 min read

Bima Sugam Operational Playbook for Indian Brokers and Insurers: Onboarding, Policy Filing, and Claims Initiation Mechanics

A detailed operational guide to Bima Sugam, IRDAI's unified digital insurance marketplace, covering insurer onboarding, broker and agent integration, policy filing workflows, one-click claims initiation through DigiLocker, DPDPA 2023 data privacy obligations, and implementation timelines for mid-sized Indian insurers preparing for the commercial-lines phase.

By Tarun Kumar Singh

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Regulation & Compliance - February 24, 2026 - 10 min read

Terrorism Insurance in India: Understanding the Indian Market Terrorism Risk Insurance Pool

Most standard commercial insurance policies in India exclude terrorism risk, leaving businesses exposed unless they opt into coverage through the Indian Market Terrorism Risk Insurance Pool (IMRTIP). This guide explains the pool structure, coverage mechanics, pricing, and regulatory framework governing terrorism insurance in India.

By Tarun Kumar Singh

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Regulation & Compliance - January 13, 2026 - 13 min read

India's Insurance Amendment Bill 2025: Key Changes and Industry Impact

The Insurance Amendment Bill 2025 introduces transformative changes to India's field -- 100% FDI allowance, composite licensing, micro-insurance mandates, and demutualisation provisions. This analysis examines the Bill's key provisions, their implications for market competition, distribution channels, product innovation, and underwriting practices, and what commercial insurers must prepare for.

By Tarun Kumar Singh

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