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Regulation & Compliance

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

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102 published articles

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Regulation & Compliance

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June 29, 2026

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102 articles

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Regulation & Compliance - June 5, 2026 - 7 min read

DPDP Rules 2025 and the Insurance Compliance Timeline: What the Phased Clock Means for Insurers, Brokers and TPAs

The Digital Personal Data Protection Rules 2025, notified on 13 November 2025, put a phased clock on the obligations insurers, brokers and TPAs carry as Data Fiduciaries. This post sets out the three-stage sequence to 13 May 2027, what consent, breach notification and data-principal rights demand operationally, and how it intersects with the IRDAI cyber guidelines.

By Sarvada Editorial Team

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Regulation & Compliance - June 5, 2026 - 13 min read

Jan Vishwas Act and the Decriminalisation Shift 2026: What Moving from Jail to Penalties Means for Liability Insurance

The Jan Vishwas (Amendment of Provisions) Act 2023 decriminalised 183 provisions across 42 central Acts, converting many criminal offences into civil and monetary penalties, with a Jan Vishwas 2.0 round in progress. This post explains what the shift from imprisonment to penalties means for corporate compliance risk and liability insurance, why fines and penalties are generally uninsurable, and how brokers should re-frame the compliance-risk conversation around D&O, management-liability and legal-expenses cover.

By Tarun Kumar Singh

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Regulation & Compliance - June 4, 2026 - 14 min read

Bharatiya Nyaya Sanhita and Corporate Liability Insurance 2026: How the New Criminal Codes Reshape Director and Officer Exposure

From 1 July 2024 the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and Bharatiya Sakshya Adhiniyam replaced the IPC, CrPC and Evidence Act. This post sets out how the new criminal codes change corporate and director criminal exposure, what D&O, crime and legal-expenses cover must respond to, and how the criminal-acts exclusion and defence-cost advancement interact with the new offence and procedure framework.

By Tarun Kumar Singh

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Regulation & Compliance - June 3, 2026 - 15 min read

IRDAI Information and Cyber Security Guidelines 2026: Broker and Intermediary Compliance Playbook

The IRDAI Information and Cyber Security Guidelines, 2026 set minimum standards and governance for all Regulated Entities, including brokers, corporate agents and web aggregators, with compliance from the current financial year. This post is a practical playbook for intermediaries covering governance, controls, incident reporting, vendor risk, CERT-In alignment and audit.

By Sarvada Editorial Team

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Regulation & Compliance - June 2, 2026 - 16 min read

GST 2.0 and Commercial Insurance 2026: Why Corporate Covers Still Attract 18% and How to Plan Input Credit

The GST 2.0 reforms exempted individual life and health insurance from GST effective 22 September 2025, but corporate and group covers continue to attract 18%. This post explains the exempt-versus-taxable distinction, where input tax credit is available and where it is blocked, the net-cost impact for corporates, and the advisory points brokers should raise.

By Sarvada Editorial Team

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Regulation & Compliance - June 2, 2026 - 14 min read

IRDAI Public Insurance Registry (PIR) 2026: What Commercial Brokers and Corporate Buyers Must Prepare For

IRDAI's proposed Public Insurance Registry is a consent-based, authoritative digital record of the insurance lifecycle that will sit alongside Bima Sugam. This post explains what the PIR is, how it differs from the marketplace, and the data hygiene and reporting work commercial brokers and corporate buyers should begin now.

By Sarvada Editorial Team

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Regulation & Compliance - May 31, 2026 - 14 min read

IRDAI Effort-Based Commission Consultation 2026: High-Touch vs Low-Touch Distribution for Commercial Brokers

IRDAI is reviewing commission rules to differentiate high-touch advisory distribution from lower-touch digital and bancassurance models, with a consultation paper expected around end-May 2026. This post explains the effort-based rationale, its interaction with the EoM framework, and what it means for commercial broker remuneration, advisory economics and disclosure.

By Sarvada Editorial Team

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Regulation & Compliance - May 30, 2026 - 21 min read

MCA Board Resolution Rules for Insurance Purchase at Listed Indian Companies 2026: Section 179 and Disclosure

Insurance procurement at listed Indian companies has moved onto the board agenda in 2026, driven by Section 179 board governance, audit committee and risk management committee oversight, related-party rules where the insurer or broker is connected, and the SEBI mandate for directors and officers cover.

By Sarvada Editorial Team

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

IRDAI Insurance Fraud Monitoring Framework 2026: Commercial-Lines Compliance and the Fraud Monitoring Committee

The IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2025, issued on 9 October 2025 and effective 1 April 2026, expand fraud governance across the value chain, introduce new fraud categories and mandate a Fraud Monitoring Committee. This post explains the commercial-lines implications for claims handling, disclosures and what brokers and corporate buyers should expect.

By Sarvada Editorial Team

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

IRDAI 4% Obligatory Cession to GIC Re FY2026-27: Impact on Commercial Programmes and Pricing

IRDAI has retained the obligatory cession to GIC Re at 4% of the sum insured for policies attaching between 1 April 2026 and 31 March 2027, with terrorism and nuclear pool premiums excluded. This post explains the mechanism, GIC Re's role, the rate's trend, and what the cession means for commercial programme structuring, capacity and pricing.

By Sarvada Editorial Team

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Regulation & Compliance - May 27, 2026 - 21 min read

CERT-In Cyber Incident Reporting Interface with Cyber Insurance Programmes India 2026

The CERT-In Directions of April 2022 imposed a 6-hour cyber incident reporting obligation on Indian entities and have since shaped how cyber-insurance notice clauses, claim cooperation language, and multi-jurisdictional reporting are managed. This guide unpacks the scope, the 2026 operational reality, the DPDP overlap, and the policy-level discipline brokers and insureds need.

By Tarun Kumar Singh

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Regulation & Compliance - May 27, 2026 - 19 min read

IRDAI Claims Turnaround Time Norms 2026: New Service Standards, Penalty Mechanisms, and Insurer Compliance

IRDAI's updated turnaround time framework through 2024 to 2026 sets line-of-business specific service standards across health, motor, commercial property, and marine claims, with penalty mechanisms under Section 102 of the Insurance Act 1938. This guide unpacks the TATs, the surveyor and repudiation timelines, the complaint trends driving enforcement, and the operational posture insurers and brokers need.

By Tarun Kumar Singh

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Regulation & Compliance - May 27, 2026 - 19 min read

SEBI Related Party Transactions and Insurance Programme Structures India 2026: Group Captives, Inter-Co Recharges, and Approvals

Group master policies, captive cession arrangements, and inter-company premium recharges all carry SEBI LODR Regulation 23 related-party transaction implications for listed Indian entities. This guide unpacks the 10 percent materiality test, audit-committee and shareholder approval thresholds, dis-application carve-outs, and the governance documentation that surfaces in 2026 SEBI inspections.

By Tarun Kumar Singh

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Regulation & Compliance - May 26, 2026 - 19 min read

MCA CSR and Insurance Disclosure for Listed Indian Companies 2026: Annual Report Treatment and Audit Implications

Listed Indian companies face overlapping disclosure obligations on insurance: Section 135 CSR categorisation, Schedule III line items, Regulation 34 board report linkage, and BRSR risk-management entries. This guide unpacks the prepaid-vs-expense treatment, auditor work programme expectations under SA 580, and the common observations MCA inspectors raise in 2026 reviews.

By Tarun Kumar Singh

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Regulation & Compliance - May 26, 2026 - 22 min read

IRDAI Broker Net Worth Amendment 2026: New Capital Thresholds, Composite Implications, and Compliance Workflow

Industry expectation is building that IRDAI will revisit broker net-worth requirements, which under the 2018 Regulations stand at INR 50 lakh for direct brokers, INR 2 crore for reinsurance brokers, and INR 2.5 crore for composite brokers (the related minimum paid-up capital floors are INR 75 lakh, INR 4 crore, and INR 5 crore respectively). This post sets out the current baselines, why a recalibration is widely anticipated, the capital-raising options brokers should weigh, the MSME-broker survival question, and how to prepare a compliance workflow without assuming thresholds that have not yet been notified.

By Tarun Kumar Singh

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Regulation & Compliance - May 25, 2026 - 15 min read

IRDAI Bima Trinity (Sugam, Vistaar, Vahak) Broker Compliance in 2026: India Implementation Notes

A practical implementation guide for Indian brokers on the IRDAI Bima Trinity initiative in 2026, covering compliance obligations across Bima Sugam (marketplace), Bima Vistaar (product), and Bima Vahak (distribution), with operating-model implications, technology requirements, and the audit-ready posture brokers must hold.

By Tarun Kumar Singh

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Regulation & Compliance - May 22, 2026 - 16 min read

DPDP Act 2023 for Insurance Brokers: Data Fiduciary Obligations in 2026

The Digital Personal Data Protection Act 2023 reshapes how Indian insurance brokers collect, process, store, and share personal data. With the DPDP Rules notified in November 2025 on a phased 12-to-18-month rollout (full enforcement and penalties by mid-2027) and Data Protection Board penalties of up to INR 250 crore in play, brokers must move now to operate as data fiduciaries with documented compliance.

By Sarvada Editorial Team

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Regulation & Compliance - May 21, 2026 - 16 min read

Insurer-Side DPDP Act Implementation in 2026: Consent Manager Integration, Data Fiduciary Duties, Broker-as-Processor, and Breach Notification SOPs

An implementation handbook for Indian insurers operationalising the DPDP Act 2023 in 2026 following Rules notification, covering consent manager integration, data fiduciary duties, the broker-as-processor relationship, breach notification SOPs, and the governance posture risk committees should adopt now.

By Tarun Kumar Singh

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