September 11, 2026

IRDAI’s Public Insurance Registry Must Not Become A Black Box For Customers: The Privacy, Data Quality And Access Questions

admin September 11, 2026

IRDAI released its consultation paper on the Public Insurance Registry on 1 September 2026. It proposed a digital public infrastructure that would let a policyholder see life, health, motor, general and agriculture cover in one place. What is being proposed The registry is proposed as a fix for a problem

IRDAI Fines ICICI Lombard ₹1 Crore for Outsourcing and Corporate Governance Breaches; Advisories on Unallocated Premium and Free-Look Delays

admin September 11, 2026

ICICI Lombard is looking at a ₹1 crore penalty from IRDAI over how it handled outsourcing and corporate governance requirements. The inspection behind this happened in 2019, so the matter has been with the regulator for a long time. There’s more than just the fine too. IRDAI also called out

Hyderabad Consumer Commission Holds Bank and Insurer Jointly Liable for a Mis-Sold Rs 10 Lakh ‘Investment’; Bancassurance Under Scrutiny

admin September 11, 2026

The 73-year-old professor alleged the bank presented the policy as a one-time investment without her free and informed consent. The Hyderabad District Consumer Disputes Redressal Commission has held a bank and an insurance company jointly responsible for allegedly mis-selling a ₹10 lakh insurance policy to a 73-year-old retired associate professor.