IRDAI Notifies IRDAI (Regulatory Sandbox) Regulations, 2025 to Promote Innovation in the Insurance Sector
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- Last Updated on 14 January, 2025
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Notification no. F. No. IRDAI/Reg/5/212/2025; Dated: 01.01.2025
IRDAI has notified the IRDAI (Regulatory Sandbox) Regulations, 2025. The objective is to promote innovation in the insurance sector and facilitate the creation of regulatory sandbox environment. A “Regulatory Sandbox” means an environment used in the financial services sector, that provides testing ground for new business models, processes and applications that may not necessarily be covered fully by or are not fully compliant with existing regulations.
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