Economy, Banking and Finance · 30 October 2026
IRDAI designates November 2026 for month-long insurance grievance resolution drive
Exam-focused facts from the 30 October 2026 current affairs briefing.
Key facts
- Insurance Regulatory and Development Authority of India (IRDAI) declared November 2026 as 'Grievance Resolution Month' across the insurance industry to expedite pending policyholder complaints.
- As of March 2026, approximately 2.21 lakh insurance-related cases were pending before Consumer Commissions and Judicial Courts, with 72.49% pending over a year.
- Around 11 lakh cases were pending before the Motor Accidents Claims Tribunal (MACT) as per IRDAI data.
- IRDAI upgraded its Business Analytics Platform (BAP) to integrate health regulatory returns and Unique Identification Number (UIN) generation for new health insurance products.