The International Financial Services Centres Authority (“IFSCA/Authority”) has issued a Consultation Paper on draft “IFSCA (Manner of Payment and Receipt of Premium) (Amendment) Regulations, 2026” dated May 12, 2026 (hereinafter referred to as “Draft Amendment Regulations”). The consultation paper proposes to substitute the definition of “premium”...

The International Financial Services Centres Authority (“IFSCA”/ “Authority”) has issued a Press Release (“Press Release”) dated May 11, 2026, approving the draft IFSCA (Managing General Agents) Regulations, 2026 (“herein referred as “Draft MGA Regulations”) which were placed before the Authority during the 28th meeting of IFSCA...

The Insurance Regulatory and Development Authority of India (“IRDAI” / “Authority”) has issued an final order in the matter of Shri Sharmajeet Singh, Insurance Surveyor and Loss Assessor vide order bearing reference number IRDAI/INT/ORD/Misc/59/4/2026 dated April 30, 2026 (“Order”) cancelling the Surveyor and Loss Assessor (“SLA”) License...

The Insurance Regulatory and Development Authority of India (“IRDAI” / “Authority”) has issued an order in the matter of Shri Pradeep Kumar Singh, Surveyor and Loss Assessor vide order bearing reference number IRDAI/INT/ORD/Misc/58/4/2026 dated April 30, 2026 (“Order”) with respect to allegations that the Surveyor had obtained Surveyor and Loss...