IRDAI Mandates Indian Accounting Standards (Ind AS) for Insurers from April 2026
Ind AS in Insurance: Aligning with Global Financial Norms The Insurance Regulatory and Development Authority of India (IRDAI) has officially mandated the adoption of Indian Accounting Standards (Ind AS) for all insurance companies effective from April 1, 2026. This move marks the final convergence of India’s massive insurance sector with International Financial Reporting Standards (IFRS).