Description
RDA Compliance Implementation Services
By Nipto Coins LLP – Insurance Compliance & Risk Specialists
Full Service Description
Insurance organizations in India must comply with regulations issued by the Insurance Regulatory and Development Authority of India (IRDAI) to ensure governance, data protection, operational resilience, and policyholder protection.
Nipto Coins LLP provides end-to-end IRDA Compliance Implementation Services through the Make Audit Easy platform, helping insurers, intermediaries, and service providers implement regulatory requirements in a structured and sustainable manner.
Our implementation follows a risk-based and regulatory-aligned approach, covering IRDAI guidelines related to information security, outsourcing, governance, business continuity, data protection, and internal controls. The service also aligns with supporting standards such as ISO 27001, ISO 22301, and RBI/SEBI cyber governance principles where applicable.
The engagement enables organizations to achieve regulatory readiness, reduce compliance risk, and strengthen operational and information security controls.
| 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 & regulatory gap assessment
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Governance framework & board-level compliance requirements
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Information security & data protection controls
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IT & cybersecurity governance alignment
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Business continuity & disaster recovery planning
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Outsourcing & third-party risk management
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Policy, procedure & SOP development
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Incident reporting & regulatory response processes
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Compliance documentation & audit readiness support
Who This Service Is For
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Life & general insurance companies
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Health insurers
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Insurance brokers & intermediaries
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Third-party administrators (TPAs)
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Insurance technology & service providers
Why Nipto Coins LLP
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Strong understanding of IRDAI regulatory landscape
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Practical, implementation-focused compliance delivery
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Clear documentation & regulator-ready evidence
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Alignment with IRDA, ISO & cyber governance frameworks
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Seamless engagement via Make Audit Easy
Outcome
A structured IRDA-compliant operating framework that reduces regulatory risk, strengthens governance, and improves compliance confidence with regulators and stakeholders.
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