The IRDAI has issued a circular having reference number IRDAI/GA&HR/C1R/MISC/49/03/2025, dated March 24, 2025, regarding Cyber Incident or Crisis Preparedness (“Circular”). The key highlights of the Circular are as under: Reference is drawn to the IRDAI
The IRDAI has issued a notification having reference number IRDAI/IAC/7/214/2025, dated March 13, 2025, for filling of vacancies in the Insurance Advisory Committee, by which the following are appointed as the members of the reconstituted Insurance
IRDAI has uploaded the industry statistics on the First Year Premium for Life Insurers for the period ending February 28, 2025. Summary of the details are as under: New Business Statement of Life Insurers for the
The IRDAI has placed the minutes of its 129th meeting held on March 12, 2025, on its website. The key highlights of the meeting are as follows: Approval has been granted to ‘M/s Valueattics Reinsurance Ltd.’
Insurance Information Bureau of India (IIB) issued a Request for Expression of Interest (EoI) document having reference number IIB/IRDA/Tech/PD/2024-25/001, titled for Development and Implementation of Regulatory Information Management System (RIMS) using Low Code Platform for Insurance
The IRDAI has issued a notice dated March 25, 2025, for Voluntary Surrender of corporate surveyor license no. SLA-200122 M/s Black Grapes Insurance Surveyors & Loss Assessors Private Limited (“Company”). The key highlights of the notice
IRDAI issued a circular having reference number IRDAI/F&I/INV/CIR/43/03/2025 dated March 10, 2025, titled ‘Exposure to Forward Contracts in Government Securities (Bond Forwards)’ (“Circular”). The key highlights of the Circular are as under: Reference is drawn to
IRDAI issued a notification having reference number IRDAI/RI/6/213/2025 dated February 24, 2025, titled “Obligatory Cession for the financial year 2025-26” (“Notification”). The key highlights of the Notification are as under: The Notification applies to Indian Re-insurers
IRDAI issued Guidelines on Hedging Through Equity Derivatives (“Guidelines”) having reference number IRDAI/F&I/GDL/INV/041/02/2025 dated February 28, 2025. The key highlights of the Guidelines are as under: IRDAI initially permitted insurers to engage in financial derivatives in
IRDAI issued a circular having reference number IRDAI/PP&GR/CIR/MISC/37/02/2025 dated February 18, 2025, titled “One-time Mandate for blocking the amount towards premium through Unified Payments Interface (UPI mandate) for issuance of life and health insurance policies- Bima-ASBA”