India’s insurance regulator IRDAI has unveiled a proposal for a comprehensive public insurance registry aimed at increasing transparency, improving consumer access, and accelerating market reform as part of the wider Sabka Bima Sabki Raksha legislative framework.
India’s insurance regulator has proposed a public insurance registry designed to make the sector more transparent, more connected and easier to navigate for both customers and insurers.
The Insurance Regulatory and Development Authority of India says the registry would act as a digital public infrastructure layer for insurance, helping to close long-standing information gaps and streamline processes that are often fragmented across the market. The regulator also argues that better access to reliable data could sharpen competition by pushing insurers to improve products, pricing and service.
The proposal sits within the wider reform push under the Sabka Bima Sabki Raksha framework. KPMG notes that the underlying Act was introduced in Parliament in December 2025 and received presidential assent later that month, while Taxmann reports that the government brought most of its provisions into force on 5 February 2026. Industry commentary has described the law as a major attempt to modernise India’s insurance rules and widen coverage.
IRDAI has presented the proposed registry as population-scale, interoperable and inclusive, with a user-focused design intended to support more data-led decisions. But the regulator has also stressed that the current use cases remain conceptual. Detailed technical and functional specifications are still to be worked out as the project moves towards implementation.
The authority has now invited comments from industry participants and the public on the plan. The consultation covers the registry’s objectives, possible uses, data architecture, technical standards, privacy, consent, confidentiality and governance, as well as the transition path. IRDAI says safeguards will be essential so that broader use of information does not weaken consumer privacy.
If the registry is eventually built out as proposed, it could become a key piece of India’s insurance infrastructure. By improving access to trusted information, the regulator believes it could support innovation, strengthen consumer protection and help expand insurance coverage across the country.
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