From The Economic Times · ANI · · 1m 20s
IRDAI Targets January 2028 Beta Launch for Public Insurance Registry
IRDAI plans January 2028 beta launch of Public Insurance Registry to standardize insurance data sharing.
In brief
IRDAI plans January 2028 beta launch of Public Insurance Registry to standardize insurance data sharing. IRDAI will launch a beta version of the Public Insurance Registry in January 2028 to improve insurance data sharing among stakeholders. Originally reported by The Economic Times.
IRDAI to launch Public Insurance Registry
IRDAI is working on a Public Insurance Registry to enhance insurance data sharing among stakeholders.
Beta launch scheduled for January 2028
Chairman Ajay Seth said the beta version of the Public Insurance Registry is scheduled for January 2028.
Public Insurance Registry aims to standardize data
The registry would help establish common standards for collecting, storing and exchanging insurance data.
Insurance Information Bureau to become not-for-profit
The Insurance Information Bureau will be transformed into a not-for-profit company hosting the registry.
Eight potential use cases for registry
IRDAI identified eight potential use cases, six requiring participation from the Account Aggregator ecosystem.
Bima Sugam and Public Insurance Registry serve different purposes
Bima Sugam is a customer-facing platform while the registry supports businesses and financial institutions.
Feedback deadline extended to October 17, 2026
The deadline for stakeholders to submit feedback on the registry consultation paper was extended to October 17, 2026.
The headline
IRDAI will launch a beta version of the Public Insurance Registry in January 2028 to improve insurance data sharing among stakeholders.