<h1>Insurance Sector to Align with Ind-AS for Global Reporting; Feedback Invited on Transition Challenges and Compliance.</h1> A discussion paper has been released focusing on the convergence of the insurance sector to Indian Accounting Standards (Ind-AS). This initiative aims to align the financial reporting practices of the insurance industry with global standards, enhancing transparency and comparability. The move is part of broader efforts to integrate Indian financial practices with international norms, potentially impacting tax implications and regulatory compliance within the sector. The paper invites feedback from stakeholders to address challenges and streamline the transition process.