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Regulation & Compliance

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

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Regulation & Compliance

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October 8, 2026

Lead storyRegulation & Compliance - October 8, 2026 - 9 min read

GST Council Clears Input Tax Credit on Employee Group Insurance: What Was Approved, What Was Deferred, and What Employers Do Now

The 57th GST Council on 8 October 2026 reportedly allowed input tax credit on employee health and life insurance, while deferring wider Section 17(5) relief. Here is what was approved, what still needs a law change, and how employers should handle October to March renewals.

By Tarun Kumar Singh

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168 articles

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Regulation & Compliance - October 6, 2026 - 9 min read

No Insurance as a Loan Condition: MSME Borrowers' Rights Under IRDAI's Anti-Bundling Proposal

IRDAI's September 2026 draft would bar banks and NBFCs from making insurance a loan condition. Here is what MSME borrowers can still be asked for, how to bring your own policy, and what to check in a bank-arranged cover today.

By Tarun Kumar Singh

Regulation & Compliance - October 2, 2026 - 10 min read

Brokers Become 'Insurance Distribution Entities': What the IDE, IDP and MII Reset Means When You Appoint a Broker

IRDAI's September 2026 distribution paper would fold brokers, corporate agents, IMFs, web aggregators and OEM brokers into one Insurance Distribution Entity category. Here is what that changes in broker due diligence, and what the July 2026 amendments already require.

By Tarun Kumar Singh

Regulation & Compliance - October 1, 2026 - 8 min read

IRDAI's Proposed Commission Disclosure on Large Commercial Policies (Reportedly Above Rs 50 Crore): What CFOs Will See at Renewal

IRDAI's 23 September 2026 consultation paper would put a commission disclosure on specified large commercial policies. Here is what a CFO could see on the renewal, how to use it, and what may stay hidden.

By Tarun Kumar Singh

Regulation & Compliance - September 25, 2026 - 9 min read

Repudiation Does Not Kill the Arbitration Clause: A Section 11 Appointment on a Jewellers Block Policy

The Bombay High Court appointed an arbitrator on a repudiated jewellers block claim in August 2026, holding that repudiation, accord and satisfaction, election and limitation are questions for the tribunal and not for the referral court.

By Tarun Kumar Singh

Regulation & Compliance - September 24, 2026 - 12 min read

Turnover or Payout: The Gig Levy Formula That Swings an Aggregator's Contribution From 0.8% to 143%

The Ministry of Labour and Employment is weighing whether the aggregator contribution to the gig Social Security Fund should sit on annual turnover or on a share of worker payouts. On the worked examples circulating with the proposal, the same 5 per cent rate costs a food-delivery platform 0.82 per cent of turnover and a ride-hailing platform 142.8 per cent.

By Tarun Kumar Singh

Regulation & Compliance - September 22, 2026 - 10 min read

The Consent Manager Milestone Lands Inside Your Group Mediclaim Data Chain

The second phase of India's DPDP commencement arrives on 13 November 2026 with the Consent Manager framework under Rule 4. Group mediclaim moves employee and dependant data from employer to broker to insurer to TPA to hospital, mostly on employment-contract logic rather than documented consent, and that is the gap the next twelve months have to close.

By Tarun Kumar Singh

Regulation & Compliance - September 20, 2026 - 11 min read

Who Consents When the Policyholder Is a Company? The Public Insurance Registry Meets Group Cover

IRDAI's Public Insurance Registry consultation proposes consent that is specific, informed, revocable and auditable. That model was written for an individual policyholder, and it does not survive contact with a group medical master policy where the buyer is a company and the insured are employees.

By Tarun Kumar Singh

Regulation & Compliance - September 11, 2026 - 9 min read

Reinsurance Returns Move to the Business Analytics Platform: What Changes in Your Placement File

IRDAI's 28 August 2026 circular migrates reinsurance regulatory returns and other reinsurance functionalities to its integrated Business Analytics Platform. For corporate buyers with domestically fronted, offshore-placed programmes, the audit trail behind order-of-preference compliance and cross-border reinsurer eligibility now has to hold up as structured data, not as a slip folder assembled at filing time.

By Tarun Kumar Singh

Regulation & Compliance - September 8, 2026 - 10 min read

The Registry Would Publish Your Conduct Record: Reading IRDAI's 1 September PIR Paper as a Broker

IRDAI's Public Insurance Registry consultation paper, issued on 1 September 2026, proposes a customer-facing intermediary layer carrying sales quality, persistency, complaints, mis-selling history, disciplinary action and blacklisting. Here is what becomes visible, what a corporate buyer does with it at renewal, and the twelve-month hygiene programme that decides how your firm reads on day one.

By Tarun Kumar Singh

Regulation & Compliance - September 7, 2026 - 11 min read

The GSTAT Backlog Window Shuts on 30 September: Which Insurance GST Disputes Are Worth Carrying

The GSTAT filing date already moved from 30 June to 31 July 2026, and the outer condonable window for backlog orders is reported as 30 September 2026. The timeline, the pre-deposit arithmetic on a premium ITC demand, and a triage rule for which insurance GST disputes justify the tribunal.

By Tarun Kumar Singh

Regulation & Compliance - September 7, 2026 - 11 min read

Blocked Credit on Group Health: What the 12 September GST Council Agenda Puts Back on the Table

Employers pay 18% GST on group mediclaim, group personal accident and group term life, and Section 17(5)(b) blocks almost all of the credit. Press reports place easing of that block on the 57th GST Council's 12 September agenda. What is blocked today, what it costs, and how to treat September and October renewal invoices while the answer is unknown.

By Tarun Kumar Singh

Regulation & Compliance - September 3, 2026 - 11 min read

Draft SHANTI Rules 2026: The Liability Stack an Indian Nuclear Supplier Needs Before It Bids

The draft SHANTI Rules published in August 2026 require nuclear operators to hold insurance or equivalent financial security, with liability caps reviewed every five years. Here is what that flows down to an EPC contractor or component supplier, and the cover it needs before pricing a bid.

By Tarun Kumar Singh

Regulation & Compliance - September 1, 2026 - 11 min read

Parliament Wants GST Cut on Reinsurance: The CoPU Report and Commercial Premium Costs

The Parliamentary Committee on Public Undertakings tabled a report on 6 August 2026 recommending GST rationalisation for reinsurance alongside health and term life, a fast-tracked risk-based capital framework, and board-approved solvency restoration plans at three weak PSU general insurers. Here is how each would reach a commercial buyer's premium, and why the pass-through is not one-for-one.

By Tarun Kumar Singh

Regulation & Compliance - August 31, 2026 - 10 min read

Circular 102/8/2026: Insurance Enters the National Statistics System

IRDAI now requires general and health insurers to file gross direct premium, claims paid (direct) and investment income every month for the Index of Service Production. Here is what the circular mandates, and what a monthly claims-paid number can and cannot tell a commercial buyer about an insurer.

By Tarun Kumar Singh

Regulation & Compliance - August 28, 2026 - 8 min read

One Year Out, One Narrow Exemption: The Cooling-Off Rule IRDAI Kept for Cancelled Intermediary Registrations

Industry asked IRDAI to waive the one-year cooling-off period where an intermediary registration was cancelled for technical or procedural reasons. IRDAI refused, and allowed the exemption only where cancellation was solely for non-payment of the annual fee. That single carve-out decides whether a lapsed registration costs a firm a payment cycle or twelve months out of the market.

By Tarun Kumar Singh

Regulation & Compliance - August 25, 2026 - 10 min read

Professional Indemnity Becomes Mandatory for Corporate Agents Earning Most of Their Revenue From Insurance

Brokers have always carried compulsory professional indemnity. The 2026 intermediaries amendments extend the requirement to corporate agents where more than half of total revenue comes from insurance intermediation, which catches NBFC, fintech and dealer-linked agents whose core business has shrunk relative to their commission line. How the revenue test works and what to fix before the 31 January 2027 re-registration filing.

By Tarun Kumar Singh

Regulation & Compliance - August 24, 2026 - 8 min read

Form T and the 10 Per Cent Line: The Share-Transfer Approval Brokers Breach by Accident

IRDAI's order of 29 January 2026 warned a broker whose shareholding changes hit 12.15 per cent and 10.75 per cent without prior approval under Regulation 25(2) and Form T. With 100 per cent FDI open and deal activity rising, this is the cap-table check that belongs before signature.

By Tarun Kumar Singh

Regulation & Compliance - August 22, 2026 - 7 min read

The Insurance Rules, 1939 Are Being Replaced: What the Draft 2026 Rules Do to Premium-Before-Cover

Gazette notification G.S.R. 652(E) of 23 July 2026 puts draft Insurance Rules, 2026 out for objections, superseding the Insurance Rules, 1939. The draft rewrites the Section 64VB carve-outs that decide when cover can attach before premium arrives, which makes it the credit-terms rulebook for every commercial placement.

By Tarun Kumar Singh

Regulation & Compliance - August 22, 2026 - 9 min read

The Policyholders' Education and Protection Fund Regulations, 2026: Where Unclaimed Commercial Claim Money Goes

IRDAI approved the PEPF Regulations, 2026 at its 137th Authority Meeting, operationalising the fund created under Section 16A of the IRDA Act. Most coverage reads it as a retail literacy measure, but one of its objectives is tracing unclaimed insurance money, and corporates leave plenty of it behind.

By Tarun Kumar Singh

Regulation & Compliance - August 22, 2026 - 9 min read

Merchant Shipping (Limitation of Liability) Rules, 2026: Your Cargo Recovery Is Capped Before You Claim

The Merchant Shipping (Limitation of Liability for Maritime Claims) Rules, 2026 cap shipowner liability at SDR-denominated limits. Here is what a limitation fund does to cargo recoveries and why full-value cargo cover is the only reliable answer.

By Tarun Kumar Singh

Regulation & Compliance - August 21, 2026 - 9 min read

Four Insurers, Two Days, One Sanction: What IRDAI's August EoM Branch Freeze Actually Restricts

Between 20 and 21 August 2026, IRDAI warned Acko General, Niva Bupa Health, Edelweiss Life and Pramerica Life for breaching Expenses of Management limits and barred each from opening any new place of business for six months. What the freeze restricts, what it leaves untouched, and how a broker should answer the renewal-desk question it raises.

By Tarun Kumar Singh

Regulation & Compliance - August 20, 2026 - 10 min read

Bombay High Court Lets a Broking Firm Keep Its Family Name but Bars It From Jewellery Insurance

On 19 August 2026 the Bombay High Court held that the own-name defence under Section 35 of the Trade Marks Act is not necessarily restricted to natural persons, letting Kataria Insurance Brokers keep its corporate name against a registered KATARIA mark. The relief came with a bar on jewellery insurance, a dormant domain, disclaimers, and six-monthly audited revenue filings. What that means for India's surname-branded brokers.

By Tarun Kumar Singh

Regulation & Compliance - August 7, 2026 - 11 min read

The Supreme Court's Four-Layer Motor Policy Order: A Fleet Compliance List Before the 18 August Hearing

The Supreme Court's 4 August 2026 order in National Insurance v. Thungala Dhana Laxmi records 16.54 crore uninsured vehicles, mandates a four-layer motor policy structure and camera-based enforcement, and returns on 18 August. Here is what corporate fleets and logistics contractors should verify before then.

By Tarun Kumar Singh

Regulation & Compliance - August 2, 2026 - 11 min read

Perpetual Registration, an Annual Fee and 31 January 2027: The Notified Intermediaries Amendment Compliance Clock

IRDAI notified the Insurance Intermediaries (Amendment) Regulations, 2026 on 31 July, making broker, corporate agent, IMF and web aggregator registrations perpetual against an annual fee. Two dates now run the clock: fresh-certificate applications by 31 January 2027, and salesperson tagging on every proposal and policy from 1 January 2027.

By Tarun Kumar Singh

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