India's insurance sector faces stagnation. Major reforms are delayed after the Irdai chairman's departure. Initiatives like Bima Sugam, Vistaar, and Vahaak are stalled. Plans for risk-based capital and IFRS alignment are suspended. Proposals on FDI and composite licenses await approval. Regulatory scrutiny increases over bundled insurance. Public sector insurers face solvency challenges. The industry needs transparency and rebuilt trust.