IRDAI Compliance for Insurance Companies
Insurers and reinsurers operate under a broad regulatory surface. Corporate governance, investment norms, outsourcing, policyholder protection, IT and cybersecurity requirements. eQomply helps you track obligations across functions in one system.
The scope of IRDAI compliance
IRDAI regulations touch every function in an insurance company. Underwriting, claims, investments, distribution, operations, technology. Compliance teams coordinate across all of them, often with limited visibility into the full picture.
Corporate Governance
Board composition, committee structures, fit and proper criteria, related party transactions, and disclosure requirements under the Corporate Governance Guidelines.
Outsourcing
Due diligence, contractual requirements, monitoring, and exit management for outsourced activities under the Outsourcing Guidelines.
Investment Regulations
Asset allocation limits, exposure norms, permitted investments, and reporting requirements under the Investment Regulations.
Policyholder Protection
Grievance redressal, claim settlement timelines, policy servicing standards, and disclosure requirements under policyholder protection regulations.
IT and Cybersecurity
Information security frameworks, incident reporting, business continuity, disaster recovery, and cybersecurity controls under IRDAI's IT guidelines.
Anti-Money Laundering (AML)
KYC requirements, transaction monitoring, suspicious transaction reporting, and record-keeping under AML/CFT guidelines.
Product Filing and Compliance
Product approval requirements, pricing guidelines, policy wordings, and ongoing compliance for filed products.
The compliance challenge for insurers
Insurance companies operate under a regulatory framework that touches every part of the business. Most track compliance in silos, with different teams owning different pieces. Consolidation happens manually, usually before board meetings or inspections.
1
Regulations span every function
Corporate governance sits with the Company Secretary. Investments with the CFO. IT compliance with the CISO. Policyholder protection with Operations. No single team sees the full picture.
2
Circular volume is constant
IRDAI issues circulars throughout the year. Each one needs to be mapped to existing obligations, assigned to owners, and tracked to completion. Most teams do this in email and spreadsheets.
3
Multi-entity complexity
Insurance groups often have life, general, and health subsidiaries. Each entity tracks compliance separately. Group-level visibility requires manual consolidation before every board meeting.
4
Inspection readiness is reactive
When IRDAI inspection notices arrive, teams scramble to compile evidence. Policies, board minutes, training records, control documentation. All pulled together after the fact.
What you get with eQomply
eQomply is built for the breadth of IRDAI regulation. Obligations tracked across functions. Evidence captured as work happens. Group-level visibility without manual consolidation.
Pre-mapped IRDAI obligations
Corporate governance, outsourcing, investments, policyholder protection, IT, AML. Key requirements mapped and ready to assign, not built from scratch.
Cross-functional obligation tracking
Obligations assigned to owners across compliance, finance, IT, operations, and legal. Status visible in one place, not scattered across function-specific trackers.
Circular tracking and mapping
New IRDAI circular lands. Map it to existing obligations or create new ones. Assign owners, set deadlines, track completion. No more circular-by-circular spreadsheets.
Multi-entity visibility
Life, general, health, reinsurance. Track compliance status across subsidiaries. Group-level dashboards without waiting for each entity to submit updates.
Evidence captured as work happens
Policy attestations, training completions, board approvals, control reviews. Evidence logged at the source, timestamped, and linked to the relevant obligation.
Board-ready reporting in minutes
Compliance status, findings, exceptions, risk areas. Reports generated for board committees without weeks of manual assembly.
Industries and roles this applies to
IRDAI compliance applies to all regulated insurance entities. But the complexity varies by entity type and scale. These pages may be relevant to you.
01.
By Industry
Organizations where IRDAI is the primary regulator.
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Insurance Companies
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Insurance Aggregators
02.
By Role
The people responsible for making IRDAI compliance operational
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Compliance Leaders
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Chief Risk Officers
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CISOs
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CISOs
See how eQomply works for insurance companies
A walkthrough tailored to IRDAI compliance requirements.