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Insurance

Sector regulation

Resolve the exact IRDAI category: insurer, intermediary, broker, corporate agent, web aggregator, TPA, surveyor or another participant. Cyber and outsourcing obligations vary by entity and service.

Proposal/KYC, family/nominee, financial, health/genetic where collected, underwriting, telematics, policy, premium, claims, hospital/provider, fraud, call and grievance data flow among insurer, intermediary, reinsurer, TPA, hospital/lab, surveyor, repair network, distribution partner and technology vendors.

The purpose inventory separates quotation, underwriting, issuance, servicing, claims, fraud, regulatory reporting, product analytics and cross-sell. A health disclosure for underwriting is not a standing permission for unrelated marketing.

Policy administration, underwriting/rules engine, distribution/CRM, payment, document management, claims, TPA/provider portals, fraud/SIU, telephony, grievance, actuarial/data platform and outsourced cloud. Record authoritative sources and duplicates; claims packages often contain third-party and dependent data that cannot be disclosed wholesale.

Configure proposal, policy, claims, medical evidence, KYC, recordings, grievance, fraud investigation, actuarial aggregates and security logs separately. A claim/legal limitation period, regulator record rule or litigation hold may justify preservation; consent withdrawal should still stop optional processing and delete unrelated copies.

Apply IRDAI Information and Cyber Security Guidelines, 2023 to the correct category and audit classification, plus CERT-In and future DPDP clocks. The incident record captures insurer, intermediary/TPA notification chains, affected policyholders/claimants/dependants and accessible protective guidance.

  • entity/IRDAI registration and participant roles;
  • sensitive purpose/data matrix for health, financial, family and fraud data;
  • processor/recipient chain including TPA, hospital, reinsurer and distributor;
  • policy/claim identifier-based rights matching;
  • scoped third-party redaction and legal-review route;
  • record-class retention and hold matrix;
  • cyber audit/evidence calendar;
  • grievance and ombudsman/escalation information where applicable.

A policyholder requests correction of an address and erasure of an old marketing profile. Existing account authentication verifies the request. Policy administration receives the correction; marketing copies are deleted/suppressed; issued policy/claim records remain under the documented retention source; processors acknowledge; the response explains each outcome without exposing other insured persons.

Notice/consent proof, underwriting purpose approval, health-data access reviews, contract instructions, TPA/provider propagation, retention rationale, claim-document redaction, cyber audit reference, incident submissions and grievance resolution.

  • Which IRDAI consolidation/master circular currently governs each entity and record class?
  • Is each distributor, TPA, reinsurer or wellness provider a processor or independent Fiduciary for the specific purpose?
  • Which claims/medical records can be corrected or erased without impairing contract, fraud or dispute evidence?
  • What overseas reinsurance or support flows require sector and transfer controls?