The insurance sector in India is a cornerstone of financial services, covering life, health, general, and reinsurance businesses. With insurance penetration steadily increasing, the sector is undergoing transformation through digital distribution, AI-driven underwriting, blockchain-based claim settlement, and regulatory sandboxes for InsurTech innovation.
India’s insurance landscape is governed by a robust regulatory framework, primarily under the Insurance Regulatory and Development Authority of India (IRDAI), which oversees licensing, solvency, product approvals, and consumer protection. For both traditional insurers and technology-driven disruptors, navigating compliance while embracing innovation is critical.
Our Insurance & InsurTech Practice helps clients align with regulatory mandates, structure innovative models, manage policy and claims risks, and pursue
cross-border collaborations.
We advise life and general insurers, reinsurers, brokers, TPAs, insurance marketplaces, and InsurTech startups. Our team brings cross-disciplinary expertise in regulatory law, corporate governance, technology, data privacy, and dispute resolution.
We provide tailored support across licensing, compliance, product structuring, digital onboarding, claims management, InsurTech innovation, and litigation.
Governing establishment, regulation, and functioning of insurers.
Raising FDI limits and updating governance frameworks.
Policyholder rights and grievance redressal.
Data protection and cybersecurity for InsurTech.
Establishing IRDAI as the sectoral regulator.
Licensing, product approvals, solvency norms, digital onboarding, and outsourcing.
AML compliance in insurance.
Cross-border capital flows and reinsurance arrangements.
Licensing, sandbox, product approvals, and compliance.
Policy oversight for insurance sector.
Policyholder disputes.
Advisory on IRDAI licensing, solvency, and filings.
Compliance for e-KYC, digital signatures, and online platforms.
Assistance in obtaining IRDAI approval for innovative InsurTech models.
Compliance with DPDP Act, IT Act, and CERT-In mandates.
Drafting/reviewing policy documents, claim disputes, and risk allocation.
Structuring AI-driven underwriting, blockchain-enabled claims, IoT-linked insurance.
Structuring investments in insurance and InsurTech ventures.
Representing insurers and policyholders before IRDAI, Ombudsman, and courts. National Consumer Dispute Redressal Commision & State Consumer Dispute Redressal Commissions