Description
IRDA Compliance Implementation Services
By Sherlocked Security – Regulatory & Cyber Risk Specialists
Full Service Description
Compliance with IRDAI regulations is critical for insurance organizations to ensure secure operations, regulatory adherence, and protection of policyholder interests.
Sherlocked Security delivers IRDA Compliance Implementation Services through the Make Audit Easy platform, supporting insurers and intermediaries in implementing governance, cybersecurity, and risk management controls aligned with IRDAI expectations.
Our approach is risk-driven and compliance-focused, addressing IRDA guidelines related to IT governance, data security, outsourcing risk, business continuity, and regulatory reporting. The service integrates cybersecurity and privacy best practices to strengthen regulatory posture.
| Feature | Basic | Standard | Enterprise | Advance |
| Engagement Mode | Virtual Only | Virtual + Onsite | Multi-City Coverage | Enterprise-Wide |
| Locations Covered | 3 | 5 | 7 | 10 |
| Regulatory Applicability Review | High-Level Assessment | Detailed IRDAI Circular Mapping | Risk-Based Compliance Study | Enterprise Regulatory Impact Study |
| IT Governance Framework | Basic Governance Model | Structured Governance Charter | Board-Level Reporting Model | Integrated Risk Dashboard |
| Cyber Security Framework | Core Controls | Detailed Control Mapping | Advanced Risk Scoring | Continuous Monitoring Advisory |
| Risk Assessment | Basic IT Risk Register | Structured Risk Assessment | Risk Quantification | Continuous Risk Monitoring |
| Outsourcing & Vendor Review | Checklist | Vendor Risk Framework | Third-Party Risk Assessment | Vendor Governance Program |
| Data Protection Controls | Basic Safeguards | Structured Data Protection Model | Enterprise Data Classification | Integrated Privacy Governance |
| Incident Response & Reporting | Incident Checklist | IRDAI Reporting SOP | Simulation Exercise | Crisis Governance Model |
| BCP & DR Framework | BCP Checklist | Structured BCP Framework | DR Drill Advisory | Enterprise Resilience Framework |
| Policy Documentation | 10–15 Policies | 25+ Policies | 40+ Policies & SOPs | Full Governance Repository |
| Internal Awareness Session | 1 Virtual | 2 Sessions | Department Workshops | Executive + Operational Training |
| Internal Compliance Review | Virtual Readiness Review | Onsite + Virtual Review | Mock Regulatory Audit | Multi-Phase Internal Audit |
| Engagement Timeline | 5–15 Days | 7–20 Days | 10–30 Days | 15–45 Days |
| Post-Implementation Support | 5 Months | 5 Months | 7 Months | 11 Months |
| Add-On | ||||
| Additional Virtual Location | 10% | 7% | 7% | 5% |
| Additional Onsite (Same City) | NA | 15% | 15% | 10% |
| Additional Onsite (Another City) | NA | NA | 20% | 15% |
| Timeline | ||||
| Engagement Timeline | 15 Days | 15 days to 2 Month | 2 to 4 Month | 4 Month+ |
| Post-Engagement Support | 1 Months | 3 Months | 7 Months | 11 Months |
*TC
Key Implementation Coverage
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IRDA regulatory scope & gap assessment
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Governance & compliance structure setup
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Cybersecurity & information security controls
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IT risk management & oversight mechanisms
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Business continuity & resilience planning
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Vendor & outsourcing compliance management
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Policy, SOP & control documentation
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Regulatory reporting & audit preparedness
Who This Service Is For
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Insurance companies & intermediaries
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Digital insurance & InsurTech platforms
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TPAs & insurance service providers
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Organizations seeking IRDA readiness or remediation
Why Sherlocked Security
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Expertise in regulatory & cyber risk management
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Independent, objective compliance implementation
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Practical, regulator-aligned deliverables
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Alignment with IRDA, ISO 27001 & ISO 22301
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Simple engagement via Make Audit Easy
Outcome
A compliant and defensible IRDA-aligned framework that improves governance, cybersecurity, and regulatory confidence.
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