IFSCA Notifies Insurance Business Amendment Regulations, 2026

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  • Last Updated on 13 January, 2026

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IFSCA (Registration of Insurance Business) Amendment Regulations 2026

Notification no. F. No. IFSCA/GN/2026/003; Dated: 05.01.2026

1. Introduction

International Financial Services Centres Authority (IFSCA) has notified the IFSCA (Registration of Insurance Business) (Amendment) Regulations, 2026, introducing changes to the regulatory framework governing insurance business in IFSCs.

2. Regulatory Background

The amendment regulations have been issued vide Notification No. F. No. IFSCA/GN/2026/003 dated 05 January 2026 and amend the principal regulations relating to the registration and operation of insurance entities in International Financial Services Centres.

3. Revision in Definition of Service Companies

A key amendment relates to the substitution of the definition of “Service Companies of Lloyd’s IFSC” as provided in the Second Schedule to the regulations, bringing greater clarity to eligible entities.

4. Expanded Scope of Eligible Entities

Under the revised definition, Service Companies of Lloyd’s IFSC now include service companies registered in India and promoted by managing agents of Lloyd’s, group entities of managing agents or members of Lloyd’s as permitted by Lloyd’s, as well as Indian companies meeting the prescribed regulatory criteria.

5. Conclusion

The amendment regulations aim to broaden participation and enhance regulatory clarity for Lloyd’s-related insurance entities operating in IFSCs, supporting the growth of India’s international insurance ecosystem while maintaining robust oversight.

Click Here To Read The Full Notification

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied