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Regulation & Compliance

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

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145 published articles

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Regulation & Compliance

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August 7, 2026

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145 articles

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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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Regulation & Compliance - May 21, 2026 - 14 min read

Insurance Amendment Bill 2026 Cycle in India: Composite Licence, FDI Changes, Distribution Rules, and the Broker Firm Implications

An analysis of the 2026 cycle of the Insurance Amendment Bill in India and its implications for broker firms, including the composite licence proposal, FDI policy changes, distribution rule revisions, the agent versus broker boundary, and the FOS bench expansion that together will reshape commercial broking economics through the decade.

By Sarvada Editorial Team

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Regulation & Compliance - May 20, 2026 - 14 min read

Post-Launch Bima Sugam Impact on Indian Broker Economics in 2026: Account Access, Retail Commission Compression, and Commercial Defensibility

How Bima Sugam is reshaping Indian broker economics after retail phase 1 rollout: client account access mechanics, commission compression risks in retail lines, the commercial-lines defensibility argument, and the technology adaptations brokers need to remain commercially viable through the phase 2 transition.

By Sarvada Editorial Team

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Regulation & Compliance - May 20, 2026 - 15 min read

Anticipated IRDAI Cyber Security Framework v2 in 2026: Scope Expansion, Third-Party Risk, and Board Attestation for Indian Insurers and Intermediaries

A field guide to the expected 2026 refresh of the IRDAI Information and Cyber Security Guidelines 2023, covering scope expansion to brokers and TPAs, third-party risk obligations, board attestation, and the implementation actions that risk and compliance leaders should begin in advance of formal notification.

By Tarun Kumar Singh

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