Taxmann's Insurance Laws Manual – Authentic Compendium on Insurance Laws of India—Covering the Insurance/IRDA Act, 50+ Rules/Regulations, Master Directions, etc. [2025]
About this ebook
• Insurance Regulatory and Development Authority Act, 1999, as amended up to date
• 50+ Rules/Regulations framed under the IRDA Act
• Insurance Act, 1938, as amended up to date, along with:
o Applicability of Provisions of the Insurance Act to SEZs/IFSCs
o Insurance (Appeal to Securities Appellate Tribunal (Rules), 2016
• Master Directions – Insurance, including FED Master Direction No. 9/2015-16, Dated 1-1-2016 (Updated as of 7th December, 2021)
This book helps understand the legal landscape of the insurance sector, providing the regulatory requirements, compliance obligations, and procedural guidelines required for the industry's smooth functioning.
The Present Publication is the 27th Edition | 2025 and amended up to 26th November 2024. This book is edited by Taxmann's Editorial Board, with the following coverage:
• Insurance Regulatory and Development Authority Act, 1999
o Arrangement of Sections
o Text of the Insurance Regulatory and Development Authority Act, 1999, as amended up to date
o Subject Index
• Rules & Regulations Framed under Insurance Regulatory and Development Authority Act, 1999
o Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000
o Insurance Regulatory and Development Authority of India (General Insurance – Re-insurance) Regulations, 2016
o Insurance Regulatory and Development Authority (Meetings) Regulations, 2000
o Insurance Regulatory and Development Authority (Insurance Advisory Committee) Regulations, 2000
o Insurance Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of Chairperson and Other Members) Rules, 2000
o Insurance Regulatory and Development Authority (Conditions of Service of Officers and Other Employees) Regulations, 2000
o Insurance Regulatory and Development Authority of India (Third Party Administrators – Health Services) Regulations, 2016
o Insurance Regulatory and Development Authority (Annual Report – Furnishing of Return, Statements and Other Particulars) Rules, 2000
o Insurance Regulatory and Development Authority (Form of Annual Statement of Accounts and Records) Rules, 2001
o Insurance Regulatory and Development Authority of India (Re-insurance) Regulations, 2018
o Insurance Regulatory and Development Authority of India (Re-insurance) Advisory Committee) Regulations, 2019
o Insurance Regulatory and Development Authority (Licensing of Corporate Agents) Regulations, 2002
o Tariff Advisory Committee (Election of Members, Meetings, Functions and Miscellaneous) Regulations, 2004
o Insurance Regulatory and Development Authority (Treatment of Discontinued Linked Insurance Policies) Regulations, 2010
o Insurance Regulatory and Development Authority (Life Insurance – Re-insurance) Regulations, 2013
o Insurance Regulatory and Development Authority (Sharing of Confidential Information Concerning Domestic or Foreign Entity) Regulations, 2012
o Insurance Regulatory and Development Authority (Licensing of Banks as Insurance Brokers) Regulations, 2013
o Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017
o Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018
o Insurance Regulatory and Development Authority of India (Registration of Insurance Marketing Firm) Regulations, 2015
o Indian Insurance Companies (Foreign Investment) Rules, 2015
o Insurance Regulatory and Development Authority of India (Maintenance of Insurance Records) Regulations, 2015
o Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015
o Insurance Regulatory and Development Authority of India (Insurance Services by Common Public Service Centres) Regulations, 2019
o Insurance Regulatory and Development Authority of India (Regulation of Insurance Business in Special Economic Zone) Rules, 2015
o Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regulations, 2015
o Insurance (Procedure for Holding Inquiry by Adjudicating Officer) Rules, 2016
o Insurance Regulatory and Development Authority of India (Appointment of Insurance Agents) Regulations, 2016
o Insurance Ombudsman Rules, 2017
o Insurance Regulatory and Development Authority of India Guidelines on Transitory Provisions under Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2017
o Insurance Regulatory and Development Authority of India (Investment by Private Equity Funds in Indian Insurance Companies) Guidelines, 2017
o Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019
o Insurance Regulatory and Development Authority of India (Minimum Information Required for Investigation and Inspection) Regulations, 2020
o Insurance Regulatory and Development Authority of India (Expenses of Management, including Commission of Insurers) Regulations, 2024
o Insurance Regulatory and Development Authority of India (Rural, Social Sector and Motor Third Party Obligations) Regulations, 2024
o Insurance Regulatory and Development Authority of India (Bima Sugam – Insurance Electronic Marketplace) Regulations, 2024
o Insurance Regulatory and Development Authority of India (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024
o Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024
o Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024
o Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024
o Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024
o Insurance Regulatory and Development Authority of India (Protection of Policyholders' Interests, Operations and Allied Matters of Insurers) Regulations, 2024
o Insurance Regulatory and Development Authority (Sharing of Database for Distribution of Insurance Products) Regulations, 2010
• Insurance Act, 1938
o Arrangement of Sections
o Text of the Insurance Act, 1938, as amended up to date
o Appendix I: Applicability of provisions of this Act to SEZs/IFSCs
o Subject Index
o Insurance (Appeal to Securities Appellate Tribunal) Rules, 2016
• Master Directions – Insurance
(FED Master Direction No. 9/2015-16, Dated 1-1-2016)
(Updated as of 7th December, 2021)
About the author
At the core of Taxmann's commitment to delivering insightful and reliable information is a highly skilled Research & Editorial Team consisting of Chartered Accountants, Company Secretaries, and Lawyers. Guided by Editor-In-Chief Mr Rakesh Bhargava, this team upholds Taxmann's role as a leading content provider in the professional knowledge space.
Operating with Six Sigma-inspired precision, the team is driven to eliminate errors and maintain excellence across all content outputs. Their content creation follows strict editorial principles to ensure authority, depth, and insight. Key guidelines include:
• Verified Sourcing – All statutory content is carefully curated from credible, authorized sources, ensuring authenticity and dependability
• Up-to-Date Information – With a commitment to timely updates, the team ensures readers are informed of the latest judicial and legislative changes
• Analytical Depth – Focused on high-impact issues, the team provides deep analysis to help readers understand the implications and nuances of recent developments
• Precise and Accurate Communication – Each publication is crafted for clarity and precision, making complex topics accessible and practical for professionals
• Rigorous Referencing – Analytical insights are thoroughly referenced with relevant sections, circulars, notifications, and rulings, enhancing trustworthiness
• Consistency and Quality – Taxmann adheres strictly to standards of style, grammar, and format, ensuring a smooth and professional reading experience
• Reader-Friendly Design – Both print and digital formats are designed with legibility in mind, enhancing accessibility across platforms
By adhering to these standards, Taxmann's Editorial Team strengthens its position as a trusted content company, empowering professionals with authoritative resources to make informed decisions.
