How IRDAI’s latest reforms could reshape India’s insurance sector
The Insurance Regulatory and Development Authority of India (IRDAI) approved significant reforms aimed at enhancing flexibility, governance, and investor appeal in the insurance sector. These changes include updates to capital rules, investment norms, and policyholder protections, aligning with the Sabka Bima Sabki Raksha Act, 2025. The reforms are designed to improve grievance redressal and transparency while facilitating deeper insurance coverage and attracting foreign investment.