The Insurance Regulatory and Development Authority of India (IRDAI) is proposing changes to how regulations are made in the backdrop of the framework introduced under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.The proposed regulations seek to operationalise the statutory provisions, under the SBSR Act, and establish a structured and consultative framework for making, amendment and review of regulations and subsidiary instructions, the insurance regulator said, issuing a consultation paper on IRDAI (Procedure for Making Regulations and Subsidiary Instructions) Regulations, 2026.Principles governing regulation making; public consultation framework for draft regulations; economic analysis of proposed regulations; consultation with the Insurance Advisory Committee; additional stakeholder consultation mechanisms;Framework governing issuance of subsidiary instructions; and framework for urgent regulations and urgent subsidiary instructions figure in the proposed regulations.The proposed regulations seek to prioritise policyholder protection through consultative mechanism in regulation making, including public consultation prior to issuance of regulation and independent expert participation in consultative committees. Published - June 18, 2026 10:12 pm IST