IRDAI introduces new corporate governance regulations for insurers.

Banking & Finance

The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies to seek prior approval for the appointment of their Board Chairperson, effective immediately. Existing Chairperson have been given until March 31, 2026, or the end of their current terms, whichever comes first, to comply with the new regulations.


      Under these new corporate governance rules, IRDAI has prohibited conflicts of interest in key management positions

      These changes are in line with similar norms issued by the Reserve Bank of India (RBI) for the banking sector.

     

 

     


About IRDAI

Chairman - Shri Debasish Panda
HQ- Hyderabad, Telangana
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