Actuarial
Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
The following are main functions and responsibilities of Actuarial Department: Formulation and amendment of regulations/legislations pertaining to Actuarial matters. To coordinate with Institute of Actuaries of India in bringing out Guidance Notes to be issued in concurrence with the Authority to enable suitable and necessary practices to evolve.Know More
Key Facts
Type Legislation
Source Insurance Regulatory and Development Authority of India
Published Sunday, 8 March 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right