The IRDAI Regulatory Sandbox is for companies that want to test new ideas in the insurance sector. To be eligible, you must be registered with IRDAI as an insurer, intermediary, or similar entity. Your product or service should use new technology to benefit customers. You need a clear testing plan, including goals, timelines, and success measures. Also, you must ensure customer protection, data security, and follow current regulations during the testing period.

For more information, visit: https://enterslice.com/irdai-regulatory-sandbox