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Insurance regulator IRDAI on Tuesday proposed to extend the validity of regulatory sandbox guidelines by two years as the proposals received under it require more time for completion.
To give a fillip to insurance penetration and facilitate innovations in the sector, especially those triggered by technology, the regulator had notified the IRDAI (Regulatory Sandbox) Regulations, 2019 on July 26, 2019.
The regulations are scheduled to expire on July 25, 2021.
The Insurance Regulatory and Development Authority (IRDAI) invited applications for the first cohort of the regulatory sandbox from September 15, 2019 till October 14, 2019. A total of 173 applications were filed with it.
It announced the second cohort for one month starting from September 15, 2020 and received 185 applications. ....

Development Authority , Regulatory Sandbox , Insurance Regulatory , Regulatory Sandbox Regulations , Sandbox Regulations , Irdai Guidelines , வளர்ச்சி அதிகாரம் , ஒழுங்குமுறை சாண்ட்பாக்ஸ் , காப்பீடு ஒழுங்குமுறை , ஒழுங்குமுறை சாண்ட்பாக்ஸ் ஒழுங்குமுறைகள் , சாண்ட்பாக்ஸ் ஒழுங்குமுறைகள் ,