Archive · 2 Sep 2026
IRDAI Proposes Public Insurance Registry for Insurance Sector
India’s insurance regulator wants to build a shared digital system called the Public Insurance Registry.
It would help organize trusted insurance information from different organizations.
The information would stay with the organizations that originally hold it.
Authorized users could still access a consistent and verified view of the records.
People could compare insurance products and see policies they have with different companies.
The system could also make claims and other services easier and help find unclaimed money.
Insurers and regulators could use the information to improve products, pricing and oversight.
The plan is still being discussed, and IRDAI is asking for comments by September 30, 2026.
IRDAI has proposed a Public Insurance Registry as digital public infrastructure for India’s insurance sector.
The population-scale, interoperable and non-exclusionary registry aims to improve transparency, inclusion, affordability and financial sustainability.
The proposed design would let data remain with source institutions while providing authorized users with verified, consistent insurance records.
Consumers could compare products, view policies and claims across insurers, simplify servicing and identify unclaimed amounts.
IRDAI is seeking feedback on data standards, privacy, consent, governance and implementation until September 30, 2026.
- Who
- The Insurance Regulatory and Development Authority of India (IRDAI) proposed the Public Insurance Registry.
- What
- A consultation paper proposes a population-scale digital public infrastructure for India’s insurance sector.
- When
- The proposal was announced on September 1, 2026; comments are invited until September 30, 2026.
- Where
- India’s insurance ecosystem; the proposal was reported from Mumbai.
- Why
- To address information and interoperability gaps, strengthen consumer protection and market efficiency, expand coverage, and promote affordability and financial sustainability.
- Proposed initiative
- Public Insurance Registry (PIR)
- Regulator
- Insurance Regulatory and Development Authority of India (IRDAI)
- Proposed structure
- An interoperable access layer, with underlying data remaining securely with original source institutions
- Potential consumer uses
- Product comparison, consolidated policy and claims views, reduced documentation, easier servicing and identification of unclaimed amounts
- Potential industry uses
- Improved underwriting, pricing, product design, claims, customer service, risk management and identification of protection gaps
- Consultation topics
- Objectives, use cases, data architecture, identity framework, data standards, privacy, consent, confidentiality, governance and implementation
- Feedback deadline
- September 30, 2026
Sources
Irdai proposes Public Insurance Registry to boost transparency, data sharing
IRDAI proposes Public Insurance Registry to create digital public infrastructure for insurance
IRDAI Proposes Public Insurance Registry (PIR) for Affordability, Financial Sustainability
IRDAI Proposes Public Insurance Registry
