The Insurance Regulatory and Development Authority of India (IRDAI) on February 11, 2026, issued amendments to the Guidelines on Establishment and Closure of Liaison Office in India by an Insurance Company registered outside India.
The following has been stated: -
•Insurance Regulatory and Development Authority of India issued amended guidelines (February 11, 2026) on the establishment, operation, extension, and closure of Liaison Offices (LOs) by overseas insurers in India.
•Overseas insurers must meet eligibility norms (profit track record, USD 65M net worth), apply with documents/fees, and receive approval initially valid for 3 years (extendable).
•LOs can only perform non-commercial activities like representation, research, and communication; strict compliance, reporting, audits, and annual certifications are mandated.
•Detailed rules cover records, permitted activities, closure procedures, and penalties, including withdrawal of approval for non-compliance or regulatory violations.
The detailed notification is given in the document below.
[Notification No.:IRDAI/F&I/GDL/MISC/27/02/2026]
