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Irdai's Expert Group on Ind AS: A Total Game Changer!

Irdai's Expert Group on Ind AS: A Total Game Changer!

Folks, Irdai just launched a fantastic expert group on Ind AS! These brilliant minds will guide insurers for two years, tackling transition issues and making audits great again. They’re giving insurers a tremendous year to get it right. Believe me, it’s a winning strategy! I told you, nobody does it better than Irdai!

Quick rundown

  1. Irdai forms a joint expert group for Ind AS transition.
  2. The group will operate for two years to support implementation.
  3. Final regulations for Ind AS transition effective April 2026.
  4. A one-year forbearance is allowed for non-compliant insurers.
  5. The group will address transition issues and audit clarity.

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