IRDAI Rolls Out Flexible 4-Layer System from December 15, 2026:
In a consumer-centric reform set to reshape the Indian automotive insurance sector, the Insurance Regulatory and Development Authority of India (IRDAI) has notified a comprehensive 4-layer motor insurance architecture effective from December 15, 2026. Under the new regulatory framework, policyholders will no longer be locked into rigid, pre-packaged bundled insurance products when purchasing or renewing … Read more