By Regulation
IRDAI Compliance (India)
The IRDAI’s guidelines on data protection and information security are critical for India’s regulated insurance sector. Mage Data enables insurers to protect policyholder and claims data through robust masking, anonymization, and audit-ready controls—helping them maintain compliance while enabling agile product development, testing, and analytics in a secure environment.
How Mage Data Helps
Insurance companies manage extensive personal and financial data including policyholder details, claims information, medical records, and payment data. IRDAI mandates that this data be adequately protected across all operations.
Mage Data discovers and classifies sensitive policyholder data across core insurance platforms, claims systems, and analytics environments -- then applies masking and security controls to meet IRDAI's information security guidelines.
Key Challenges We Solve
- IRDAI information security and cyber security guidelines
- Policyholder data protection across core insurance systems
- Secure test data for insurance application development
- Combined IRDAI and DPDP Act compliance
Key Capabilities
IRDAI Compliance Overview
Insurance data discovery
Automatically identify and inventory policyholder records, claims history, and medical data across all systems.
Regulatory audit readiness
Streamline IRDAI compliance with automated reports and comprehensive documentation of security controls.
Policyholder data masking
Protect customer privacy in non-production environments by applying robust de-identification techniques.
Claims data protection
Secure sensitive transaction data and payment information throughout the claims processing lifecycle.
Frequently Asked Questions
Proposal and policy details, nominee information, health declarations, bank details and national identifiers. Health information carries additional sensitivity, which affects how it can be shared with intermediaries and how long it can be retained. Mage Data classifies all of these out of the box and applies retention rules per data type, so health data is treated as strictly as the regulation expects.
The IRDAI Information and Cyber Security Guidelines, issued in April 2023 and superseding the 2017 guidelines, require a board-approved information security program covering data classification, access control, third-party risk and incident reporting. They apply to insurers, foreign reinsurance branches and intermediaries such as brokers, corporate agents and TPAs. Mage Data addresses the classification and third-party-risk duties directly.
An insurer stays accountable for policyholder data shared with agents, brokers and third-party administrators. Sharing de-identified data wherever full records are not required limits the exposure the insurer remains answerable for. Mage Data's secure data pipelines mask data in transit to each intermediary, so real policyholder records never leave the insurer.
The techniques are the same but the field mix differs, with far more health information and free text. Underwriting notes, claims correspondence and medical reports need scanning as well as structured columns, because identifiers there sit outside labeled fields. Mage Data handles both under one policy — NLP for the free text, format-preserving masking for the structured fields.
Meet IRDAI Data Protection Requirements
See how Mage Data helps Indian insurance companies protect policyholder data and meet IRDAI compliance requirements.