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Public Insurance Registry: IRDAI’s Proposed DPI

4 September 20261 min read
BANKING & FINANCEPublic InsuranceRegistry: IRDAI’sProposed DPI4 September 2026safalsetu.com

Why in the news

The insurance regulator invited views on a shared national registry for insurance information.

Key facts

  • Legal backing: Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.
  • Nature: interoperable, open to all and built for population scale.
  • Role: a common exchange layer where authorised parties can discover, verify and share insurance data.
  • Users: policyholders, financial institutions, government departments, research bodies and insurance players such as insurers, reinsurers and intermediaries.
  • Linkages planned: vehicle, health, weather, disaster and court databases; similar in spirit to RBI’s Account Aggregator framework.

About IRDAI

  • Set up under the IRDA Act, 1999; based at Hyderabad.

Exam angle

  • Proposer: IRDAI. Implementing body: IIB.

Test yourself

1. Which body proposed the Public Insurance Registry as Digital Public Infrastructure?

IRDAI issued the consultation paper proposing the PIR.

2. The Public Insurance Registry is proposed to be implemented by converting which existing body?

The IIB would become a wholly owned not-for-profit subsidiary of IRDAI.

3. What is the data design of the proposed Public Insurance Registry?

Data stays with source institutions; no central warehouse is created.

This topic is part of Daily Current Affairs 4 September 2026 (19 topics).

All topics of the dayDay quizSeptember 2026

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