INSURANCE
IRDAI proposes to implement Ind AS for all insurers from April 01
Mar-05-2026

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to implement Indian Accounting Standards (Ind AS) for all insurers with effect from April 01, 2026. The proposed effective date shall be applicable to all categories of insurers, including Life Insurers, General Insurers, Health Insurers and Re-insurers.

The exposure draft sets out the proposed regulatory 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 framework has been developed after comprehensive engagement with insurers, including structured gap assessments and analysis of pro-forma financial submissions, to evaluate operational readiness and the impact assessment. These measures are intended to facilitate a smooth and orderly transition to Ind AS-based financial reporting.

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