The IRDAI has issued directives to insurance companies for a zero-tolerance anti-fraud policy, outlined in the Insurance Fraud Monitoring Framework Guidelines 2025. Insurers must establish a board-approved policy, implement red flag indicators, and enhance cybersecurity measures. Committees will oversee fraud risk management, and the IIB will provide a technology framework for data sharing. The regulator advises against mergers between insurance and non-insurance entities to protect policyholders.

Read more at Yahoo Finance: IRDAI mandates insurers to adopt zero-tolerance anti-fraud policy