In a recent order, the Supreme Court asked IRDAI to consider issuing a circular standardizing cross-border protection provisions in motor insurance policies. The suggestion, reported July 20, points to continuing gaps in how motor cover applies when vehicles or claims cross state or national boundaries. Source: Webnewswire — https://www.webnewswire.com/2026/07/20/motor-insurance-coverage-consider-providing-circular-standardising-cross-border-protection-provisions-sc-to-irdai/

IRDAI’s July 14 circular spells out how insurers should handle the shift to Ind AS accounting standards, defining the Appointed Actuary’s responsibilities in preparing Ind AS financial statements and setting out an independent validation framework covering governance, risk assessment and reporting. It’s the regulator’s second round of clarifications on the Ind AS transition. Source: TaxGuru […]