Economy, Banking and Finance · 5 November 2026
Insurance Regulatory and Development Authority of India Mandates Four-Layer Motor Insurance Structure and Tightens ESOP Norms
Exam-focused facts from the 5 November 2026 current affairs briefing.
Key facts
- The Insurance Regulatory and Development Authority of India (IRDAI) directed general insurers to implement a four-layer motor insurance policy structure for private cars and two-wheelers from 15 December 2026.
- Insurers must disclose coverage and premium separately for each section of the four-layer motor insurance structure.
- IRDAI tightened Employee Stock Option Plan (ESOP) norms for insurance companies, requiring prior approval for shareholdings crossing specific thresholds.
- IRDAI reduced share transfer approval fees by 80%.