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IRDAI weekly summary
IRDAI updates 24-30 August 2026: Maharajah bonds, BAP returns
IRDAI treated New Development Bank Maharajah INR bonds as approved investments and moved reinsurance returns onto the Integrated Business Analytics Platform.
The week in brief
What changed
Insurers may invest in onshore rupee Maharajah INR bonds issued by the New Development Bank as approved investments, subject to Section 27E of the Insurance Act, 1938 and Schedule III rating criteria. Proceeds used for infrastructure sub-sectors can count as infrastructure investments. The public issue needs SEBI approval.
Insurers, reinsurers and Foreign Reinsurer's Branches must file reinsurance regulatory returns, summary formats and File Reference Number applications on the upgraded Business Analytics Platform. The migration covers reinsurance and pool-administrator returns from FY 2024-25 and corporate-governance returns from FY 2025-26.