Description
IRDA Compliance Implementation Services
By Cybervault – Insurance Security & Compliance Specialists
Full Service Description
IRDAI regulations require insurance organizations to maintain strong governance, information security, and operational resilience to safeguard policyholder data and services.
Cybervault provides IRDA Compliance Implementation Services via the Make Audit Easy platform, enabling insurers and insurance service providers to implement regulatory controls efficiently and effectively.
The engagement follows a regulatory-aligned and risk-focused methodology, covering IT governance, cybersecurity controls, data protection, business continuity, and third-party risk management as prescribed by IRDAI guidelines.
| 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 applicability & compliance gap analysis
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Governance & regulatory control implementation
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Information security & cyber risk management
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IT & digital platform governance
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Business continuity & disaster recovery controls
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Outsourcing & vendor risk compliance
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Policy & procedure development
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Compliance evidence & audit readiness
Who This Service Is For
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Life, general & health insurers
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Insurance brokers & intermediaries
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InsurTech & digital insurance platforms
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Insurance support & service providers
Why Cybervault
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Strong focus on insurance cybersecurity & compliance
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Practical, business-aligned regulatory implementation
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Clear documentation & audit-ready outputs
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Alignment with IRDA, ISO 27001 & ISO 22301
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Seamless service delivery via Make Audit Easy
Outcome
An IRDA-compliant operational framework that strengthens regulatory adherence, protects policyholder interests, and reduces compliance risk.
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