IRDAI Issues Draft Regulation-Making Framework Under Sabka Bima Sabki Raksha Act — Mandating 21-Day Public Comment Windows

IRDAI has released a draft framework to standardise how it frames, amends, and reviews regulations under the new Sabka Bima Sabki Raksha Act, requiring a minimum 21-day public comment period and mandatory publication of responses before any rule is notified. For builders, this creates a predictable, structured window to shape IRDAI rules that directly affect product design, distribution, and data obligations — comment early or get regulated by default.

Source: Business Standard ↗