FMF compliance
FMF compliance, without the paperwork.
Since 1 April 2026, the Fraud Monitoring Framework (FMF) from IRDAI — India's insurance regulator — has been mandatory for every Indian general insurer. Netra keeps your fraud-incident registry current and your investigations structured — so your FMR-1 reports, IRDAI's standard fraud filing, are ready the moment your compliance team needs them.
Pilot on a slice of your own book — nothing to integrate to start.
Why this matters: the IRDAI Fraud Monitoring Framework (FMF) — the fraud-reporting rules every general insurer must follow — has been in force since 1 April 2026. Inadequate fraud monitoring or non-submission of FMR-1 reports can attract a default penalty of up to ₹1 crore under IRDAI Act Section 102. NRD is a compliance tool, not fraud-detection AI. Netra structures the work and drafts the reports; your compliance team reviews and approves every incident and every filing. NRD does not make fraud determinations on its own.
Illustrative sample — not a live customer record.
Every investigation, structured across all five fraud categories
IRDAI's framework covers five fraud categories: claimant fraud, intermediary fraud, internal fraud, vendor fraud and policy fraud. Netra structures every RFI Request for Information — what you send to gather evidence — the Request for Information you send to gather evidence — against this taxonomy set of categories from the start. Each incident lands in the right category, carries the right evidence and is traceable from first request to final outcome.
Netra never flags a claim as fraud on its own. It gives your investigators a clear workflow: what to ask for, from whom, by when, and what has come back. The fraud call always stays with your team.
Illustrative sample — not a live customer record.
One central incident registry — the record the regulator expects
The framework requires a central fraud-incident registry. Netra maintains it for you: every incident, its category, the evidence gathered, the outcome and the disposition how a case was closed — all in one place, isolated per insurer, with an audit trail that can't be quietly edited.
That registry is the single source of truth for your FMR-1 reports. When your compliance officer opens it, every incident is already in the right state, tagged correctly and ready to report. No stitching spreadsheets together the night before.
Illustrative sample — not a live customer record.
FMR-1 reports in one click — JSON and PDF, ready to submit
FMR-1 is IRDAI's standard fraud-incident report format. Netra generates it in both JSON (for digital submission) and PDF (for board packs and records) straight from your registry data. Your compliance team reviews the draft, approves it and submits — nothing goes to the regulator automatically.
Every report maps to the IRDAI FMR-1 schema required format . When that schema changes with a regulatory update, Netra updates the template. You never rebuild a spreadsheet.
Illustrative sample — not a live customer record.
Quarterly RMC packs and annual Board packs, assembled for you
The framework requires fraud-monitoring data to reach your Risk Management Committee Risk Management Committee (RMC) every quarter and your Board every year. Netra compiles the pack from the registry: incident count by category, resolution rate, trend against the prior period, and open RFIs still to be closed.
Your RMC and Board receive a finished, structured document. Nothing gets thrown together in the week before the meeting.
Built for a regulated buyer
India-resident · audit-logged · isolatedData stays in India
All claimant data is processed and stored in India (the AWS Mumbai region), with consent tracking, automatic deletion after set periods, and a 72-hour breach process.
DPDPA 2023Government security standard
Logs kept 180 days, incidents reported within 6 hours, clocks synced to an official time source, and continuous monitoring.
CERT-In 2022Encrypted, a key per insurer
Bank-grade encryption. Each insurer's records are locked with its own key, in write-once storage that can't be altered.
AES-256 · WORMEach insurer walled off
One insurer's claim file can never be read by another. Insurer and lawyer work stay on separate tracks — enforced, not promised.
per-insurerChain of custody
Every retrieved document carries a tamper-proof, timestamped certificate that stands up in court.
BSA S.63FMF questions
The IRDAI Fraud Monitoring Framework (FMF) is a mandatory regulatory requirement for all Indian general insurers, in force since 1 April 2026. It requires insurers to maintain a central fraud incident registry, report incidents in a standard format (FMR-1), and present fraud monitoring data to the Risk Management Committee quarterly and to the Board annually.
Get FMF off your team's plate.
Show us how you report fraud incidents today. We'll show you the registry, the RFI workflow and a ready-to-submit FMR-1 on your own book.