IBAI - Insurance Brokers Association of India

06/10/2026

Insurance reform must ultimately deliver for the policyholder.

At the IBAI Press Meet held on 6 October 2026, the Insurance Brokers Association of India shared its perspective on the ongoing regulatory reforms affecting insurance distribution, commissions and the intermediary framework.

The discussion focused on a central question: Will the proposed reforms lead to better outcomes for policyholders through improved choice, appropriate coverage, better service and fairer claims?

IBAI reiterated its support for meaningful, data-driven reform while emphasising the importance of preserving policyholder choice, professional advisory support, claims assistance and a strong last-mile insurance distribution ecosystem.

Watch the full press interaction here:https://youtu.be/WgBbUVFhQxk

The Insurance Brokers Association of India (IBAI) addressed members...

03/10/2026

The Insurance Brokers Association of India (IBAI) congratulates Ms. Lavanya R Mundayur on her appointment as Chairman & Managing Director of The New India Assurance Company Ltd. Her term runs until May 2029.

As CMD of Agriculture Insurance Company of India Ltd, Ms. Mundayur showed strong leadership and a commitment to making insurance more widely available. She now takes charge of one of India's largest public-sector general insurers at an important moment, as competition grows, the sector goes digital and more people across the country need insurance cover.

We look forward to working with her to deepen insurance pe*******on, strengthen the broker channel and move closer to the vision of Insurance for All by 2047.

We wish her a successful tenure ahead!

22/09/2026

At the IBAI Silver Jubilee celebrations, Shri Ajay Seth, Chairman, IRDAI, delivered a thought-provoking address on the future of India’s insurance ecosystem and the important role of insurance brokers in shaping that journey.

Congratulating IBAI on completing 25 years, he reflected on the progress achieved by insurers, intermediaries, brokers and the regulator. At the same time, he reminded the industry that “manzilein aur bhi hain”, and that much more remains to be achieved together.

A defining message from his address was the need to keep the policyholder at the centre of the insurance ecosystem. He emphasised that the quality of sales, the claims experience and transparency ultimately determine the trust that customers place in insurance.

He also highlighted availability, accessibility and affordability as essential pillars in the journey towards Insurance for All. In addition, he called upon intermediaries to strengthen customer service, claims support, grievance resolution, professional training, data protection, inclusion, innovation and financial prudence.

For the insurance broking community, the message was equally significant. Sustainable growth must be built on greater transparency, higher efficiency, affordable solutions and uncompromising quality.

As IBAI enters its next chapter, Shri Ajay Seth’s address reinforces the importance of continued collaboration between the regulator, insurers and intermediaries in building a stronger, more inclusive and trusted insurance ecosystem for India.

21/09/2026

25 Years of Trust. A Future Built on Partnership.

As the IBAI Silver Jubilee celebrations drew to a close, Shri Narendra Bharindwal, President, Insurance Brokers Association of India (IBAI), reflected on a remarkable 25-year journey shaped by trust, professionalism, partnership, and an unwavering commitment to strengthening India's insurance ecosystem.

In his address, he underscored the evolving role of insurance brokers not merely as distributors but as trusted risk advisors, creators of insurance awareness, architects of financial resilience, and partners in nation-building.

Looking ahead, he emphasised that achieving the vision of Insurance for All by 2047 will require close collaboration among the regulator, insurers, intermediaries, and every stakeholder, with the policyholder at the centre of every decision.

The Silver Jubilee marks not just a celebration of IBAI's past but the start of a renewed era of partnership advancing the shared vision of Bemit Bharat, Suraksh*t Bharat, and contributing to a stronger, more resilient, inclusive, and globally respected insurance ecosystem for India.

25 years is a proud milestone. The journey ahead holds an even greater promise.

14/09/2026

IBAI Directors had the pleasure of meeting Shri Parthanil Ghosh, MD & CEO, HDFC ERGO General Insurance Company Limited. A commemorative memento marking IBAI’s Silver Jubilee and the Silver Jubilee commemorative edition of iBroker, IBAI’s magazine, was presented.

The special edition celebrates IBAI’s 25-year journey and honours the collective efforts of industry leaders and stakeholders who have contributed to the growth and evolution of insurance broking in India.

The interaction reflected IBAI’s continued commitment to fostering meaningful industry engagement and strengthening India’s insurance ecosystem through collaboration and shared purpose.

14/09/2026

IBAI Directors had the privilege of meeting Shri Naveen Chandra Jha, MD & CEO, SBI General Insurance Company Limited, and presenting him with the Silver Jubilee commemorative edition of iBroker, IBAI’s magazine.

Celebrating IBAI’s 25-year journey, this special edition chronicles the evolution of insurance broking in India and recognises the collective contributions of industry leaders and stakeholders.

The interaction marked another meaningful step towards fostering stronger collaboration and advancing India’s insurance ecosystem.

14/09/2026

IBAI Directors had the pleasure of meeting Shri Ramchandra Pandit, MD & CEO, Magma General Insurance Company Limited, and presenting him with the Silver Jubilee commemorative edition of *iBroker*, IBAI’s magazine.

The special edition celebrates IBAI’s remarkable 25-year journey and the collective contributions that have shaped and strengthened India’s insurance broking profession.

The interaction reflected a shared commitment to meaningful industry engagement, collaboration and the continued advancement of India’s insurance ecosystem.

14/09/2026

On the auspicious occasion of Ganesh Chaturthi, the Insurance Brokers Association of India extends warm greetings to everyone.

May Lord Ganesha, the remover of obstacles and the harbinger of new beginnings, bless us all with wisdom, prosperity, protection and enduring success.

Wishing you and your loved ones a joyous and blessed Ganesh Chaturthi!

12/09/2026

IBAI extends its warm congratulations to The Oriental Insurance Company Limited on the occasion of its 80th Foundation Day.

Eight decades of service, trust and commitment to policyholders mark a significant milestone in the journey of one of India’s leading public sector insurers. We wish the entire Oriental Insurance family continued success and many more years of strengthening protection and confidence across the nation.

Warm wishes on the 80th Foundation Day.

InsuranceBrokers InsuranceForAll TrustAndProtection IndianInsurance Milestone SabkaBimaSabkiSuraksha

12/09/2026

IBAI extends its warm congratulations to The Oriental Insurance Company Limited on the occasion of its 80th Foundation Day.

Eight decades of service, trust and commitment to policyholders mark a significant milestone in the journey of one of India’s leading public sector insurers. We wish the entire Oriental Insurance family continued success and many more years of strengthening protection and confidence across the nation.

Warm wishes on the 80th Foundation Day.