IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the Period ending October 31, 2024 Summary of the details are as under: New Business Statement of Life Insurers for the
IRDAI issued the draft IRDAI (Re-insurance Advisory Committee) (Amendment) Regulations , 2024 (“ Draft Regulations ”) on November 04, 2024, with the objective to enhance efficiency of the conduct of the Re-insurance advisory Committee. The key
IRDAI issued the draft IRDAI (Insurance Advisory Committee) (Amendment) Regulations , 2024 (“ Draft Regulations ”) on November 04, 2024, with the objective to enhance the clarity and efficiency in advisory functions of the Insurance Advisory
IRDAI issued the draft IRDAI (Regulatory Sandbox) Regulations, 2024 (“ Draft Regulations ”) on November 04, 2024, with the objective to foster innovation in the insurance sector while protecting policyholders, ensure orderly development and create a
IRDAI has reviewed and combined the extant IRDAI (Minimum Information Required for Investigation and Inspection) Regulations, 2020, Insurance Regulatory and Development Authority (Sharing of Confidential Information Concerning Domestic or Foreign Entity) Regulations, 2012 and IRDAI (Maintenance
The IRDAI has placed the minutes of its126th meeting held on August 02, 2024 on its website. The key highlights of the meeting are as follows – The Chairman reported that the industry garnered ₹11.17 lakh
IFSCA, vide notification bearing reference no. F. No. IFSCA/GN/2024/008 dated October 14, 2024, notified (Investment by IFSC Insurance Office) (Amendment) Regulations, 2024 on October 21, 2024” (“Amendment Regulations”). The salient features of the Amendment Regulations with
IRDAI vide Circular Ref. No. lRDA/SDD/MISC/CIR/009/01/2013 dated January 21, 2013, issued the extant Insurance Fraud Monitoring Framework (“Framework”) to provide regulatory supervision and guidance on the adequacy of measures taken by insurers to address and manage
IRDAI issued a press release dated October 18, 2024, highlighting reports of recent data leaks from two Insurers. The key highlights of the Press Release are as under- IRDAI is closely monitoring the situation in case
IRDAI vide Order bearing reference number: IRDAI/E&C/ORD/MISC/124/09/2024 dated September 06, 2024, issued an Order in the matter of M/s Marsh India Insurance Brokers Pvt Ltd. (“Broker”) with respect to the Show Cause Notice (“SCN”) dated January