SEBI seeks IRDAI help to add insurance data to CAS
In short
SEBI is trying to add insurance details to the Consolidated Account Statement. The summaries also say bank deposits and pension savings may be added later.
This matters because investors could see more of their financial assets in one place. The reporting does not say whether IRDAI has agreed yet.
What the reporting says
SEBI wrote to IRDAI about including investors’ insurance details in the Consolidated Account Statement, according to the headline and summaries. The reporting says the plan also considers adding bank deposits and pension savings to give investors a fuller view of financial assets. It does not state IRDAI’s response, the rollout date, or which insurance products would be included.
Why it matters
The proposal would broaden the Consolidated Account Statement by adding insurance information, with possible future inclusion of bank deposits and pension savings. That could give investors a more complete view of holdings and make compliance and tracking easier. The reporting names SEBI, IRDAI and RBI in the discussion, but it does not confirm approval from either regulator or specify the implementation timeline.