Regulation 2025–26 interview questions for insurance roles
89 questions from core to advanced: concepts, calculations, whiteboard diagrams, SQL, scenarios and behavioural. Answer out loud first, then reveal the model answer and example. Mark each one practised when you can answer it without looking.
Practised 0 of 89
What did the Insurance Laws Amendment Act 2025 change?
- Passed 17 Dec 2025 as Sabka Bima Sabki Raksha.
- 100% FDI in insurers; IRDAI can cap commissions and order disgorgement.
- Lower net owned funds for foreign reinsurers; policyholder education and protection fund.
- Composite licence dropped.
What is Bima Sugam and where is it now?
- IRDAI's digital insurance marketplace, launched 17 Sep 2025.
- Phase 1 live: compare, buy, renew, e-insurance account; phase 2: claims, hospital and TPA integration, portability.
- Full transactional go-live guided for about November 2026.
- Bima Pehchaan gives each person a lifelong insurance ID.
How does the DPDP Act affect insurance journeys?
- Rules notified 13 Nov 2025; consent managers from Nov 2026; core obligations from May 2027.
- Need purpose-specific consent, notices, erasure and correction flows.
- Breach: notify affected people and the Board without delay, detailed report within 72 hours; penalties up to ₹200 crore.
What is Ind AS 117 / IFRS 17 and why would a BA care?
- Insurers adopt Ind AS from 1 Apr 2026, with relief and up to 2 years of parallel reporting.
- Profit recognised over the contract's life using groups of contracts.
- Needs granular policy, cash flow and claims data with lineage: big data and reporting projects.
What did IRDAI propose for motor distribution in 2026?
- Motor policies available on Bima Sugam; dealers must show a QR code for the digital option.
- Qualifying dealers register as distribution entities and can sell multiple insurers.
- No denial of cashless repair because the policy was bought elsewhere.
- Lower commissions on TP, which rose from 4.3% (FY23) to 22% (FY25).
What is 'Insurance for All by 2047'?
- IRDAI's mission to cover every citizen and business.
- Pillars: Bima Sugam, Bima Vistaar (bundled life, health, accident, property), Bima Vahak (women-led rural distribution), state insurance plans.
- Context: penetration stuck at 3.7% of GDP in FY25.
A customer withdraws marketing consent under DPDP and asks you to delete their data. They hold an active health policy. What happens?
- Stop marketing immediately: consent for marketing is separate from the contract.
- Data needed to perform the contract, pay claims and meet legal retention rules can be kept.
- Delete what has no other lawful basis, and record the request and the outcome.
- Tell the customer clearly what was kept and why.