IRDAI Forms Investigation Panels to Probe Regulatory Breaches

On 15th July 2025, the Insurance Regulatory and Development Authority of India (IRDAI) constituted panels of its whole-time members to decide on the violations by certain insurers/insurance intermediaries.

  • The move is part of the enforcement function, specifically to decide on the violations of the provisions of the Insurance Act and regulations.
  • The decision on the panels comes amid reports of government seeking to crackdown on mis-selling, some insurers coming under scrutiny and complaints around claim settlement.
  • Beyond enforcement, the panels have also been tasked with handling share transfer applications and other regulatory matters delegated by the Authority. This is part ....
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