The Insurance Regulatory and Development Authority of India (IRDAI) amended the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2026.
Prior IRDAI approval is now required for ownership changes when shareholding crosses 5%, 10%, 25%, 50% and 75%, and when an investor becomes an insurer's single largest shareholder. The rules cover direct and indirect transfers, promoter-group transfers and dilution through fresh issues. IRDAI was set up under the IRDA Act, 1999.