- +91 80768 85539
- info@expertvuw.com
- Pan-India service available.
Home / Insurance — IRDAI / Insurance Company Registration
Last updated: 2 October 2026
Starting a life, general, health or reinsurance company in India requires IRDAI registration through a staged process. Expertvuw’s team supports promoters with corporate structuring, capital and shareholding compliance, and the documentation for each stage, alongside legal and actuarial advisers.
Insurers in India are registered by IRDAI under the Insurance Act, 1938 and the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024, as amended in July 2026. Registration follows three stages: the R1 application (requisition for the application form, with promoter and business details), the R2 application (detailed application with business plan and documents), and the R3 stage (grant of the certificate of registration).
Minimum paid-up equity capital is ₹100 crore for life, general and health insurers and ₹200 crore for reinsurers. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 raised the foreign investment limit in Indian insurance companies from 74% to 100%, with a requirement that at least one of the Chairperson, Managing Director or CEO is a resident Indian citizen. It also raised the threshold for IRDAI approval of share transfers from 1% to 5%.
Promoters must meet fit and proper criteria, and the company must have a governance structure, key management persons, actuarial, investment and risk functions, and systems in place before starting business.
Basis: Insurance Act, 1938 as amended by the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025; IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024, as amended; IRDAI (Corporate Governance for Insurers) Regulations, 2024. Last updated: 27 September 2026.
R1, R2 and R3 lead to the certificate of registration.
₹100 crore for life, general and health insurers; ₹200 crore for reinsurers.
Up to 100% after the 2025 amendment, with resident Indian leadership conditions.
IRDAI approval needed for transfers above 5% (earlier 1%).
Branch net owned funds reduced to ₹1,000 crore.
Corporate governance and key functions must be set up before starting business.
Insurer registration is a long, multi-adviser process.
r
u
e
Insurer registration connects with these services.
Foreign investment rules and reporting.
Board and governance processes.
Ongoing IRDAI compliance.
Health TPA registration.
Plan structure, capital and shareholding.
Incorporate the company with required objects.
File the R1 requisition.
File the detailed R2 application.
Set up governance, people and systems.
Receive the certificate of registration.
Insurers carry extensive ongoing obligations.
a
o
R
e
Share your query and our team will reply during business hours.
₹100 crore for life, general and health insurers, and ₹200 crore for reinsurers.
Yes. The 2025 amendment raised the limit to 100%, with at least one of the Chairperson, MD or CEO being a resident Indian citizen.
The three stages of IRDAI registration: requisition, detailed application and grant of registration.
The IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024, as amended.
No. Actuarial and legal advice come from independent specialists; Expertvuw supports corporate and secretarial aspects.
ACS – Director, Expertvuw Management Pvt Ltd
IRDAI applications and filings are prepared by Expertvuw’s team. Audits and certificates required by IRDAI are issued by independent Chartered Accountants, and representation before IRDAI or other authorities is made by authorised professionals or advocates. Expertvuw is not an insurer or insurance intermediary and does not sell insurance.