Photo of Anirud Sudarsan R

Senior Associate in General Corporate practice in the Mumbai office of Cyril Amarchand Mangaldas. Anirud advises on mergers and acquisition, foreign direct investments, joint ventures, business transfers with special focus on the financial services sector, including in the insurance space. He can be reached at

Policyholder Data Sharing in India


With a vision to transform India into a digitally empowered society and knowledge economy, the Indian government[1] launched the Digital India initiative and mindful of its impact, it has been taking several steps to ensure greater accessibility as well as greater safety around internet based services. This, coupled with heightened internet based services and digital connectivity,[2] led the government to launch several digital services[3] and some are remarkably successful – these range from unified payments interface (UPIs) to DigiLocker[4]. According to India Brand Equity Foundation, the rising use of UPIs strongly indicate that more and more people in India are adopting a digital lifestyle[5] – UPI saw its highest ever number of transactions in April 2022 at 5.58 billon, amounting to INR 9.83 trillion. DigiLocker hit the mark of 101 million users on March 19, 2022, evidencing the adoption and success of this initiative[6].

Continue Reading Policyholder – Data Sharing in India – Time for Consent – Based Regime?

IRDAI’s Approach to ‘Fit and Proper’ Assessment in light of the Sahara Life Saga


An issue of significant relevance to financial regulators world-over is the fitness and propriety of key shareholders of financial entities. The objective of this blog is to analyse IRDAI’s approach to assessment of ‘fit and proper’ status of significant owners of insurers, especially in light of the order passed by the IRDAI in the matter of M/s Sahara India Life Insurance Company Limited (“Sahara Life”) on December 30, 2020 (“IRDAI Order”). Before we delve into IRDAI’s approach in this regard, it is important to trace the chronology of events, leading to the IRDAI Order.
Continue Reading IRDAI’s Approach to ‘Fit and Proper’ Assessment in light of the Sahara Life Saga