IRDAI, vide ref. No. F. No. IRDAI/LIFE/CIR/MISC/109/8/2024 dated August 08, 2024, has issued a Circular on Submission of data by life Insurers to Insurance Information Bureau of India (IIBI) superseding the following Circulars:
a. Circular Ref. IRDAI/SDD/MISC/CIR/228/11/2014, dated November 19, 2014, for submission of Individual Life Data.
b. Circular Ref. IRDAI/SDD/Misc/CIR/228/08/2019, dated August 08, 2019, for submission of Group Annuitants data.
c. Circular Ref. IRDAI/SDD/CIR/MISC/191/10/2019, dated October 16, 2019, for submission of Critical Illness Policy data.
All the life insurers have been directed to submit data to IIBI for the period and in the formats as specified in the table below by September 30, 2024.
Sr. No.
Category
Period
Format
1
Individual Life Insurance
2023-24
Annexure I
2
Individual Annuitant Policies
2016-24
Annexure II
3
Group Annuitant Policies
2016-24
Annexure III
4
Critical Illness Products
2019-24
Annexure IV
5
Group Credit Life
2020-24
Annexure V
6
Group Term Insurance
2020-24
Annexure VI
7
PMJJBY
2020-24
Annexure VII
The insurers have been allowed continue submission of the data at annual frequency from FY2024-25 within a period of three months of completion of every Financial Year.
Source category: IRDAI
Attachments
- /2024/421_Submission_of_data_by_life_Insurers_to_Insurance_Information_Bureau_of_India_(IIBI).pdf
Comments are closed