IRDAI invites comments on draft framework to roll out IND-AS for insurers
This story was originally published at 18:33 IST on 3 March 2026
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NEW DELHI – The Insurance Regulatory and Development Authority of India has invited views from stakeholders, including insurance companies, on the draft framework for proposed implementation of Indian Accounting Standards for all insurers with effect from Apr. 1. "The proposed effective date shall be applicable to all categories of insurers, including life insurers, general insurers, health insurers and re-insurers, a release from the regulator said Tuesday.
The last date to submit suggestions on the proposed regulations is Mar. 24, the regulator said. The proposed framework has been developed after comprehensive engagement with insurers, the release said.
The exposure draft proposed by the regulator provides framework governing the recognition, measurement, presentation and disclosure of financial statements by insurers adopting Indian Accounting Standards. "The proposed amendments aim to promote greater consistency, transparency and comparability in financial reporting across the insurance sector, in alignment with globally accepted standards, while preserving regulatory prudence and safeguarding policyholder interests," the release said. End
Reported by Sagar Sen
Edited by Vandana Hingorani
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