IRDAI extends deadline for submitting feedback on the public insurance registry
Advancing the process of developing a regulatory framework for a public insurance registry in India's insurance sector, IRDAI has extended the deadline for submitting feedback until 15 October. The deadline was previously set for the end of September, and the extension gives insurers, policyholders, and industry experts additional time to submit their suggestions.
Highlights
- IRDAI has extended the deadline for submitting feedback on the draft public insurance registry due to additional requests.
- The extended consultation process includes insurers, policyholders, and industry experts to provide more comprehensive feedback.
- The proposed public insurance registry will enhance the standardization and transparency of insurance information, benefiting both consumers and service providers.
This article was translated from the original. Read the original version by our correspondent here.
Additional time for the consultation process
According to a press release from the Insurance Regulatory and Development Authority of India, the regulator has extended the deadline for submitting feedback on the draft public insurance registry so that stakeholders can send their responses with greater preparation. The move follows requests from various parties seeking more time to make detailed submissions on the draft.According to the regulator, the consultation process includes insurers, policyholders, and industry experts. The extended deadline is intended to ensure that more comprehensive feedback is received before the final framework is developed.
Potential impact on the insurance sector
IRDAI says the initiative is being pursued to improve public awareness of and access to insurance services. The proposed public insurance registry is expected to help standardize information across the insurance sector, which could benefit both consumers and service providers.Feedback received on the draft will play an important role in shaping the final guidelines. The process is seen as a regulatory step toward making the information infrastructure in India's insurance market more organized and transparent.
Our previous report provided an update on PNGRB extending the deadline for empanelment (EOI) of third-party agencies for physical site verification of petroleum and natural gas projects. That coverage noted that the deadline for submitting technical proposals related to NGPL, PPPL, and CGD projects was extended to 5 October 2026, 5 PM, giving interested agencies additional time to prepare their proposals.