Regulatory warning - Verified IRDAI notified Insurance Fraud Monitoring Framework Guidelines 2025 on October 10 2025 (CAalley PDF), making fraud reporting board-level: central database at IIB, cyber as separate category, Fraud Monitoring Unit at insurer and Fraud Monitoring Committee at board.
Context: From SIT Orders to Standing Registry
Guidelines land between Sep 2024-25 phishing wave and Aug 2026 SIT directions. Court orders for pan-India SITs and Aug 4 No Fuel pilot exposed case-by-case detection. IFMF requires insurers to report fraud by category to IIB in common taxonomy.
Implication: What Central Database Changes
Cross-insurer visibility - forged motor policy like the National Insurance SIT case can be flagged before second payout. Agent rental controls mean Jamnagar pattern becomes FMU reportable. FMU must file to IIB within T+15 days.
Action: What to Keep If You Suspect Fraud
Keep seller functional identity from Jan 1 2027 - FMU will ask. Verify spurious calls via bimabharosa before sharing.