IRDAI unveils reforms to boost insurance sector, improve policyholder protection
The Insurance Regulatory and Development Authority of India (IRDAI) introduced reforms on Tuesday to modernise the insurance sector and enhance policyholder protection. These measures aim to improve governance, operational flexibility, and ease of doing business, supporting the implementation of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025. The reforms are expected to boost long-term growth in the sector.