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9 August 2026

IRDAI Data Submission Requirements

This directive involves a statutory body (IRDAI) and its role in improving national economic data collection, which is a relevant governance and economic policy issue for the UPSC syllabus.

1 min read Day 12 of 15 1 questions 2 prelims

Notes

  • IRDAI has mandated all insurers, excluding reinsurers, to submit monthly data for the Index of Service Production (ISP).
  • The data collection is intended to support the Union Ministry of Statistics and Programme Implementation (MOSPI) in compiling the ISP.
  • General and health insurers must report gross direct premium, direct claims paid, and investment income (policyholders and shareholders) starting July 2026.
  • Life insurers are required to report gross premium, gross benefits paid, and investment income (policyholders and shareholders).
  • The directive aims to streamline data flow between the insurance sector and national statistical agencies.

Part of a longer story

This is day 12 of 15 in Upgrades to India's statistical databases, which has been running since 21 June 2026. Reading it whole is usually worth more than reading today alone — the exam asks how something developed.

Questions

  1. Discuss the significance of integrating sectoral data from regulatory bodies like IRDAI into national statistical indices such as the Index of Service Production (ISP). 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00

Prelims

  1. Which of the following entities are exempted from the recent IRDAI directive regarding monthly data submission for the Index of Service Production (ISP)?

  2. The Index of Service Production (ISP), for which IRDAI has sought data, is compiled by which of the following government bodies?

Syllabus

Topics

Sources

250words.in · https://250words.in/daily/2026-08-09/irdai-data-submission-requirements