Insurance Regulatory and Development Authority of India (IRDAI) Grants Licences to Allianz Jio Reinsurance and Kiwi General Insurance

Key facts

• The Insurance Regulatory and Development Authority of India (IRDAI) approved certificates of registration for two insurance entities during its 134th Authority meeting held on March 9, 2026.
• Allianz Jio Reinsurance Limited was granted approval to operate as a reinsurer in India.
• Kiwi General Insurance Limited received a licence to commence operations as a general insurer.
• IRDAI initiated steps to align its regulatory framework with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.
• The Sabka Bima Sabki Raksha Act, 2025, was notified on December 21, 2025, and came into effect on February 5, 2026.
• The new legislation introduces amendments to the Insurance Act, 1938, and the IRDA Act, 1999.
• IRDAI granted in-principle approval for drafting and publishing regulations for stakeholder consultation to fast-track reforms under the new law.