Boasting a substantial insurance practice that regularly handles some of the largest M&A and private equity investments in the sector, Khaitan & Co LLP’s insurance team utilises its corporate and commercial expertise to advise large investment funds, PE houses, and insurance brokers and companies. The team has recently expanded its contentious and non-contentious abilities in the insurance space, representing clients before the Securities Appellate Tribunal and advising cross-border reinsurers on licensing. Leading the team is Nikhil Narayanan, with extensive experience advising insurance and financial institutions on M&A, joint ventures and corporate insurance mandates; Anuj Shah, a corporate and insurance specialist; Niren Patel, focusing on M&A, PE and corporate investments and exits in the insurance market; and Aravind Venugopal, who boosts the team's M&A abilities.

Counting leading global and domestic insurers and reinsurers among its clients, Shardul Amarchand Mangaldas & Co has experience in licensing and registering entrants into the market, advising on distribution and remuneration arrangements, implementing governance frameworks, assisting with product and investment strategies, and guiding market exits. The team regularly appears before the Securities Appellate Tribunal, in addition to advising corporate agents, web aggregators, third-party administrators and other intermediaries in this space. At the helm is Shailaja Lall, who has deep experience in the insurance market. Akshay Sachthey is a key practitioner for the corporate, advisory, M&A and regulatory aspects of insurance and reinsurance mandates. Uday Opal is noted for his experience in advising on restructuring and regulatory compliance matters. Ashish Teni left the firm in 2024.

Noted for being one of the first firms to specialise in insurance matters, Tuli & Co's insurance practice is a go-to for insurers, reinsurers and insurance intermediaries on high-value insurance products, outsourcing and intermediary issues, and third-party arrangements. Insurance regulatory and compliance mandates, from licensing and drafting products to daily advising and preparing responses to IRDAI notices and inspections, are where the team excels. The veteran insurance practitioner Neeraj Tuli, an expert in product development, regulatory advice, insurance coverage and dispute resolution, leads the team alongside Celia Jenkins, a specialist insurance practitioner experienced in regulatory and commercial mandates for insurers, reinsurers and insurance intermediaries. Mandakini Khanna supports the team's insurance claims abilities, and Anuj Bahukhandi advises the practice's data protection and emerging technologies clients.

Insurance joint venture entry and exits is AZB & Partners' forte, advising some of the largest PE and NBFCs operating in the Indian market. From legal risk management to insurance risk review and entry strategising, the team has strong capabilities for clients navigating the IRDA. From Mumbai, the team is led by Rajendra Barot, a key adviser to insurance companies on transactional and regulatory matters; Ashwath Rau, a specialist M&A partner boasting large clients in the insurance and life insurance sectors; and Kashish Bhatia, focusing on M&A, insurance, PE and joint ventures. Insurance joint venture, private acquisitions, PE and public takeovers expert Anil Kasturi, and corporate advisory and M&A practitioner Niladri Maulik, are the Delhi-based practice heads.

As a boutique firm in Delhi, CSL Chambers has an expert ability in contentious insurance and reinsurance matters, representing large domestic and international clients before courts and tribunals on coverage issues, jurisdiction and incorporation clauses, and insurance and reinsurance risks. The 'outstanding' Sumeet Lall, an experienced disputes practitioner with over 25 years of experience in contentious insurance and reinsurance mandates, leads the team. Sidhant Kapoor is a standout team member, bringing an ability to represent clients before various courts and forums on insurance matters and subrogated recoveries.

Cyril Amarchand Mangaldas has an experienced insurance practice across regulatory advisory work, M&A transactions, insurer IPOs and contentious insurance proceedings for corporate stakeholders. Firm managing partner Cyril Shroff, boasting 41 years in practice and specialisms in corporate, securities and regulatory law, leads the team alongside insurance expert Indranath Bishnu, a key adviser to major Indian and international corporations, government bodies and the IDRAI in establishment, operation, management and control of insurance matters. The team is assisted by Pranjita Barman, who handles the corporate restructurings and M&A work in the sector.

International and domestic insurers and reinsurers, private equity and sovereign funds seek out Trilegal for assistance on corporate insurance matters, from M&A transactions to regulatory advisory services. Yogesh Singh, a corporate lawyer with a specialism in insurance mandates, including transactions, PE and the distressed assets space, leads the team from Gurugram. Nishant Parikh, a key practitioner for high-value transactions and investigations in the sector, and Sridhar Gorthi, an M&A and PE expert working on major transactions across the UK, US, South Africa and Indonesia, are notable team members.

Akil Hirani, a regulatory and M&A expert working on insurance outsourcing and transactions, leads Majmudar & Partners' insurance team. The practice's forte is regulatory and advisory work, though it also has abilities in M&A, joint ventures and restructuring. The team is also capable across insurance defence, group insurance, insurance policies, identity protection services and card protection plans.

Samvad Partners' insurance practice is noted for its ability in handling transactional and advisory matters for clients, working cross-practice with its transactional and regulatory teams, especially for clients in the tech sector. Firm co-founder and experienced practitioner in the finance and insurance sectors Vineetha MG leads the team. Alongside her as practice co-heads are Nivedita Nivargi, a specialist in advising insurance companies, intermediaries and reinsurers in licensing, structuring and IRDAI agreements, and Ashwini Vittalachar, who is experienced in M&A and PE transactions in insurance.

As a new and emerging practice of the firm, the insurance team at SNG & Partners has burst into the Indian insurance market in high-value, complex, and regulated transactions. The team is gaining traction in advising on structuring and reviewing insurance and reinsurance products; licensing and incorporating insurance intermediaries; distribution and shareholder agreements; regulatory compliance; and M&A and private equity transactions. Leading the team is the newly hired regulatory and transactional expert Ravi Bhadani.

Talwar Thakore & Associates advises insurance companies on joint ventures, regulatory advice and transactions. The team is experienced in acquisitions and disposals, establishing insurance company entrances, capital issuances and distribution arrangements. Key contacts for the team include Kunal Thakore, a corporate lawyer specialising in M&A transactions, joint ventures, disposals, delistings, PE investments, restructuring and reorganisations, and Deepa Christopher, who is experienced in advising insurance companies on transactional and regulatory matters.