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IRDAI proposes Public Insurance Registry to enhance transparency and efficiency

The Insurance Regulatory and Development Authority of India has proposed a Public Insurance Registry (PIR) as a digital public infrastructure to make the sector more transparent, efficient, and accessible. The consultation paper, released on September 1, outlines a consent-driven, interoperable framework aimed at reducing information gaps and improving consumer protection.

By Tertius News AI Desk 3 distinct · 3 mastheads · 3 articles Version 2 Coverage Sep 1, 2026 Published 1h ago

Regulator unveils consultation paper on Public Insurance Registry

The Insurance Regulatory and Development Authority of India (IRDAI) on Tuesday, September 1, released a consultation paper proposing the creation of a Public Insurance Registry (PIR), envisioned as a population-scale digital public infrastructure. The regulator said the proposed registry is intended to make insurance services more transparent, accessible, and efficient, while promoting affordability and financial sustainability.

The proposal marks the latest step in IRDAI's efforts to build a more connected and resilient insurance ecosystem. According to the consultation paper, the PIR is designed to connect insurers, reinsurers, intermediaries, financial institutions, government agencies, and policyholders through an interoperable digital framework covering the entire insurance lifecycle.

IRDAI had first proposed setting up the registry in March this year. The framework is envisaged as a consent-driven and legally compliant digital infrastructure, addressing stages from policy issuance and servicing to claims, grievance redressal, and dispute resolution.

Aims and architecture

The regulator described the PIR as a population-scale, interoperable, and non-exclusionary digital public infrastructure for the insurance sector. The stated objectives include facilitating growth and inclusion, building trust and transparency, and promoting affordability and financial sustainability.

"Envisaged not merely as a data repository, but as an innovation platform and a strategic investment in national economic infrastructure, the PIR will strengthen consumer protection, market efficiency, insurance coverage and supporting the next generation of insurance reforms," IRDAI said in its release.

The proposed architecture will function as an interoperable access layer rather than a single centralised data repository. Underlying information would remain securely with the original source institutions, while the registry would provide authorised participants with verified and consistent information.

According to the consultation paper, the framework is intended to reduce information barriers and systemic friction across the insurance sector, promoting fair competition. It could enable insurers to develop more tailored products, improve risk pricing, and strengthen customer service by making reliable information more accessible.

For policyholders and prospective buyers, the registry could offer a single-window interface to discover and compare insurance coverage, verify licensed insurers and intermediaries, track policies held across multiple insurers, simplify the claims process, and help identify forgotten or unclaimed insurance amounts.

Drawing on digital public infrastructures

IRDAI said the PIR draws encouragement from the success and lessons of digital public infrastructures (DPIs) developed in other sectors of the Indian economy, including the JAM trinity, credit information bureaus, Unified Payments Interface, DigiYatra, PM GatiShakti, Government e-Marketplace (GeM), and Ayushman Bharat Digital Mission.

The consultation paper adopts a "user-centric approach," according to the regulator, anchored in the needs and challenges of diverse stakeholders across the insurance ecosystem. The envisioned use cases span eight stakeholder groups, including insurers, reinsurers, intermediaries, and financial institutions. These use cases are currently at the conceptual stage and will be developed into detailed functional and technical specifications as the PIR moves towards implementation.

The initiative is part of the broader vision under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, and aims to create a more integrated and transparent insurance ecosystem, as reported by The Hindu Business Line and Lokmat Times.

Next steps

IRDAI has invited comments and feedback from stakeholders and the public on the consultation paper. The deadline for submissions is September 30.

How each outlet told it

A framing line is our reading of that outlet's own text — an interpretation, not a quotation and not a fact we assert. Check it against what the outlet published.

CNBC TV18

Framing: IRDAI's proposal of a Public Insurance Registry for affordability and financial sustainability

as of Sep 1, 2026, 4:17 PM UTC

Facts Included:

Regulator IRDAI proposed a Public Insurance Registry (PIR) on Tuesday, September 1
The proposed infrastructure is intended to enable technology, governance and market participation to work together towards wider and deeper financial resilience
The Insurance Regulatory and Development Authority of India (IRDAI) has released a consultation paper in this regard
IRDAI said the proposed PIR represents a significant step towards building a more connected, transparent, efficient and resilient insurance ecosystem
The PIR draws encouragement from the success and lessons from digital public infrastructures (DPIs) in other sectors of the Indian economy
The proposed registry would be a population-scale, interoperable and non-exclusionary digital public infrastructure for the insurance sector
IRDAI said: 'Envisaged not merely as a data repository, but as an innovation platform and a strategic investment in national economic infrastructure, the PIR will strengthen consumer protection, market efficiency, insurance coverage and supporting the next generation of insurance reforms'
The consultation paper has been conceived through a user-centric approach, anchored in the needs and challenges of diverse stakeholders across the insurance ecosystem
The envisioned use cases span across eight stakeholders, including insurers, reinsurers, intermediaries, and financial institutions
The paper said PIR will adopt a DPI-based approach using technology, governance and market to support the societal goal of wider and deeper financial resilience
PIR draws encouragement from DPIs such as JAM trinity, credit information bureaus, Unified Payments Interface, DigiYatra, PM GatiShakti, Government e-Marketplace (GeM), and Ayushman Bharat Digital Mission (ABDM)
IRDAI has invited comments and feedback from stakeholders by September 30

Read the source article →

Lokmat Times

Framing: The headline emphasizes the proposal for a public insurance registry, highlighting its goal of creating an integrated and transparent insurance ecosystem.

as of Sep 1, 2026, 4:47 PM UTC

Facts Included:

IRDAI released a consultation paper on Tuesday proposing the creation of a Public Insurance Registry (PIR)
IRDAI had first proposed setting up the PIR in March this year
The framework is envisaged as a consent-driven and legally compliant digital infrastructure
The initiative is part of the broader vision under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025
The PIR would function as an interoperable access layer rather than a single centralised data repository
The underlying information would continue to remain securely with the original source institutions
A single-window interface could allow citizens to discover and compare insurance coverage, verify licensed insurers and intermediaries, track policies held across multiple insurers and simplify the claims process
The system is also expected to help policyholders identify forgotten or unclaimed insurance amounts

Read the source article →

The Hindu Business Line

Framing: Emphasizes IRDAI proposing a public insurance registry to boost transparency and reshape insurance service

as of Sep 1, 2026, 2:19 PM UTC

Facts Included:

IRDAI has proposed a Public Insurance Registry (PIR), a digital public infrastructure
PIR is expected to reduce information gaps and foster greater competition
The proposal is in furtherance of the Sabka Bima Sabki Raksha Act, 2025
IRDAI noted the proposal in a release on Tuesday
PIR aims to strengthen consumer protection, improve market efficiency and expand insurance coverage
The framework draws on lessons from digital public infrastructure developed in other sectors of the Indian economy
The consultation paper follows a 'user-centric approach'
Proposed use cases are currently at the conceptual stage
PIR aims to promote affordability and financial sustainability in insurance
The regulator has invited comments and suggestions from the public and stakeholders

Read the source article →

What was claimed, and who backed it

AI-extracted; can misattribute a claim — see Methodology.

Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status is Contested when two claims on this page negate each other; otherwise it counts the distinct outlets we found asserting that specific claim — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.

Claim	Confidence	Status
ClaimIRDAI proposed a Public Insurance Registry (PIR) on Tuesday, September 1, 2025.⚠ date inconsistency in source	ConfidenceMedium	StatusMulti-source (3 outlets · 3 distinct) via CNBC TV18 as of Sep 1, 2026, 4:17 PM UTC, Lokmat Times as of Sep 1, 2026, 4:47 PM UTC, The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimThe Insurance Regulatory and Development Authority of India (IRDAI) released a consultation paper proposing the Public Insurance Registry.	ConfidenceHigh	StatusSingle-source via CNBC TV18 as of Sep 1, 2026, 4:17 PM UTC
ClaimThe proposed Public Insurance Registry is a population-scale, interoperable and non-exclusionary digital public infrastructure for the insurance sector.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC, Lokmat Times as of Sep 1, 2026, 4:47 PM UTC
ClaimThe Public Insurance Registry is intended to strengthen consumer protection, improve market efficiency and expand insurance coverage.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via CNBC TV18 as of Sep 1, 2026, 4:17 PM UTC, The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimPIR is expected to reduce information gaps and foster greater competition among insurers and market participants.	ConfidenceHigh	StatusSingle-source via The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimThe PIR proposal draws encouragement from the success of and lessons from digital public infrastructures (DPIs) developed in other sectors of the Indian economy, including the JAM trinity, credit information bureaus, Unified Payments Interface, DigiYatra, PM GatiShakti, Government e-Marketplace (GeM) and Ayushman Bharat Digital Mission (ABDM).	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via CNBC TV18 as of Sep 1, 2026, 4:17 PM UTC, The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimThe PIR is expected to reduce information gaps and foster greater competition in the insurance sector.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC, Lokmat Times as of Sep 1, 2026, 4:47 PM UTC
ClaimThe Public Insurance Registry proposal is in furtherance of the Sabka Bima Sabki Raksha Act, 2025.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC, Lokmat Times as of Sep 1, 2026, 4:47 PM UTC
ClaimThe IRDAI's consultation paper proposing the Public Insurance Registry follows a 'user-centric approach'.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via CNBC TV18 as of Sep 1, 2026, 4:17 PM UTC, The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimThe IRDAI said the PIR will strengthen consumer protection, market efficiency, insurance coverage and support the next generation of insurance reforms.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via CNBC TV18 as of Sep 1, 2026, 4:17 PM UTC, The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimThe PIR draws encouragement from the success and lessons of digital public infrastructures in other sectors of the Indian economy.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via CNBC TV18 as of Sep 1, 2026, 4:17 PM UTC, The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimIRDAI invited comments and feedback from stakeholders by September 30.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via CNBC TV18 as of Sep 1, 2026, 4:17 PM UTC, The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimThe proposed use cases for the PIR are currently at the conceptual stage.	ConfidenceHigh	StatusSingle-source via The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC
ClaimThe PIR will function as an interoperable access layer rather than a centralized data repository.	ConfidenceHigh	StatusSingle-source via Lokmat Times as of Sep 1, 2026, 4:47 PM UTC
ClaimThe underlying information will remain securely with the original source institutions, while the registry will provide verified information to authorized participants.	ConfidenceHigh	StatusSingle-source via Lokmat Times as of Sep 1, 2026, 4:47 PM UTC
ClaimIRDAI first proposed setting up the Public Insurance Registry in March.	ConfidenceHigh	StatusSingle-source via Lokmat Times as of Sep 1, 2026, 4:47 PM UTC
ClaimThe registry is designed to connect insurers, reinsurers, financial institutions, government agencies, and policyholders across the insurance lifecycle.	ConfidenceHigh	StatusSingle-source via Lokmat Times as of Sep 1, 2026, 4:47 PM UTC
ClaimThe PIR aims to promote affordability and financial sustainability in insurance.	ConfidenceHigh	StatusSingle-source via The Hindu Business Line as of Sep 1, 2026, 2:19 PM UTC

Transparency & Audit Trail

3 distinct · 3 mastheads · 3 articles consulted: CNBC TV18, Lokmat Times, The Hindu Business Line 18 claims extracted Version 2 Written 2026-09-01