IRDAI
IRDAI Standard General Insurance Products: Three Prescribed Policies
6 November 2026 · IRDAI
IRDAI's standard general insurance suite comprises Bharat Griha Raksha and the two MSME products — Bharat Sookshma Udyam Suraksha and Bharat Laghu Udyam Suraksha — issued by circular dated 12 May 2021 with fixed policy wordings.
Points to Remember
- Standard general insurance products are mandated by IRDAI and follow uniform policy wordings.
- Three standard general products: Bharat Griha Raksha (home), Bharat Sookshma Udyam Suraksha and Bharat Laghu Udyam Suraksha (MSMEs).
- Issued vide circular IRDA/F&I/MISC/CIR/134/05/2021 dated 12/05/2021.
- Annexures I, II and III carry the respective policy wordings.
Why it matters
Knowing IRDAI's standard product names helps you answer classification questions on standard insurance products in insurance-linked exam topics.
Part of the November 2026 digest.
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