Shailaja Lall is a Partner at Shardul Amarchand Mangaldas & Co and heads the Insurance & Reinsurance practice of the firm.

She has worked extensively in the field of insurance law for over 20 years and is recognised as a leading practitioner of insurance law in India with remarkable domain expertise. Her experience includes advising insurers, reinsurers, insurance intermediaries and other financial services entities on a full range of non-contentious and contentious insurance matters.

Shailaja is a member of CII National Committee on Insurance & Pensions. She was the Vice Chair of the Lex Mundi Insurance & Reinsurance Practice Group (2012-16) and a member of the Federation of Indian Chambers of Commerce and Industry’s (FICCI) Insurance and Pensions Committee (2014-15).

Shailaja has been recognised as ‘Insurance Lawyer of the Year’ by asialaw Awards 2025; “Thought Leaders” in Who’s Who Legal – Insurance & Reinsurance 2021-22 & 2024 Report and has also been recognized as “Recommended” lawyer for Insurance by Lexology Index 2025. Further, she has been accoladed as a “Distinguished Practitioner” for Insurance by asialaw 2024-25 and recognised as a “Leading Individual” for Insurance by Legal 500 2018-25 which noted, “as a practice head Shailaja Lall is a key name to note for non-contentious matters”.

She has also been consistently ranked by Chambers and Partners since 2016 and as a Band 1 Practitioner in 2024 & 2025 for insurance matters. Chambers states that, “Shailaja Lall chairs the insurance practice at the firm and has a “strong track record” of handling acquisitions and regulatory issues for insurers and reinsurers”. Legal 500 describes her simply as ‘outstanding’, whereas Chambers & Partners has quoted her clients as saying “Shailaja always gives very pragmatic advice and understands the regulator, which is very important. Her understanding of the regulator gives us confidence”.

Shailaja regularly advises on key regulatory developments impacting the sector. Clients endorse her for her comprehensive and nuanced knowledge of all aspects of the practice, including share and business acquisitions, joint ventures, legal aspects of setting up reinsurance entities and branches, reinsurance arrangements, bancassurance and distribution arrangements, MISP and POS arrangements, group re-organisations and her in-depth understanding of the IRDAI’s registration and licensing requirements. She is also considered as an expert who advises in relation to investment structures, registration/ licensing requirements and applicable regulatory compliances in the insurance sector.

She is often invited to share her experience and insights at public events, seminars and conferences and regularly writes for leading newspapers and journals.

Select Experience Statement

• Bajaj Allianz Life Insurance Company Limited (BALIC) on its acquisition of 2.1% of the equity share capital of JM Financial Home Loans Limited (Company) from JM Financial Credit Solutions Limited (Seller).
• Bajaj Finserv Limited (and certain Bajaj group companies) on their acquisition of the entire stake held by Allianz SE in Bajaj Allianz General Insurance Company Limited, Bajaj Allianz Life Insurance Company limited and Bajaj Allianz Financial Distributors Limited.
• Oben Ventures LLP on establishing Go Digit Life Insurance Limited (Go Digit Life) as a life insurance company and on structuring their investment in Go Digit Life.
• Vidal Healthcare Services Private Limited and its group entities, on its acquisition by Bajaj Finserv Health Limited.
• Multiples Private Equity Fund III in its investment in Acko Technology & Services Private Limited, the 100% parent company of Acko General Insurance Limited, as part of the Series D fund raise by Acko Technology & Services Private Limited.
• Willis Towers Watson in relation to increasing its stake to 100% in Willis Towers Watson India Insurance Brokers Private Limited.
• Advising the Pension Fund Regulatory and Development Authority of India, the pension fund regulator of India jointly with Boston Consulting Group on: (a) segregation of roles and responsibilities of the NPS Trust and PFRDA basis the framework prescribed under the PFRDA Act, 2013 and applicable regulations; (b) advising on amendments to the existing management and administrative structure of the NPS Trust, PFRDA and settlor; (c) framing governance principles for functioning, management and inter-relationship of the NPS Trust, PFRDA and settlor.

Professional Memberships

• Bar Council of Maharashtra & Goa

Education

• B.S.L. LL.B, ILS Law College, Pune