Karan Shukla

WORK HISTORY

EDUCATION

ABOUT KARAN SHUKLA

A Compliance and Regulatory Affairs professional, currently working as the Chief Compliance Officer at Narayana Health Insurance Limited. The role involves independent handling of core compliance matters on regulatory oversight, governance, and supervisory responsibilities.Responsibilities span end-to-end regulatory compliance, including statutory interpretation, internal advisory, policy and process formulation, regulatory filings, committee governance, and audit readiness. The focus is on translating IRDAI regulations and insurance law into practical, defensible, and sustainable operational frameworks.Key areas of work include:• IRDAI Compliance & Insurance Law – Insurance Act, IRDAI Act, Master Circulars, Protection of Policyholders’ Rights Regulations, Outsourcing Regulations, TPA frameworks, intermediary compliance, website compliance, and statutory record-keeping• Health Insurance Governance – Product and policy approvals, underwriting and claims process alignment, risk commencement norms, unclaimed amounts, fraud monitoring, AML/STR coordination, and regulatory reporting• Outsourcing & Vendor Governance – Design and implementation of outsourcing frameworks, materiality assessment, approval workflows, contractual safeguards, regulatory reporting, and ongoing oversight• Contracts & Legal Compliance – Review and drafting of MSAs, vendor and service agreements, data protection, confidentiality, indemnity, and regulatory representations• Regulatory Change Management – Impact assessment of insurance law amendments, comparative analysis of legacy and amended provisions, senior-management briefing notes, and implementation support• Committee & Governance Support – Fraud Monitoring Unit (FMU), Product Management Committee (PMC), Advertisement Committee, including action tracking and regulatory defensibility