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IRDAI NOTICE OF RECRUITMENT OF CEO OF NATIONAL CENTRE FOR FINANCIAL EDUCATION

IRDAI vide Notice dated September 04, 2023 has notified about the recruitment for the post of CEO of National Centre for Financial Education (NCFE). NCFE is a Section (8) * company promoted by RBI, SEBI, IRDAI

IRDAI PRESS RELEASE ON ADDITIONAL OPTIONS FOR WITHDRAWN LIFE INSURANCE PRODUCTS

IRDAI vide Press Release dated September 01, 2023 has notified about measures which allow more choices and benefits, associated with withdrawn life Insurance Products. This was done in order to empower the policyholders and improve Insurance

CIRCULAR ON MODIFICATION PERMITTED TO WITHDRAWN LIFE INSURANCE PRODUCTS.

IRDAI vide Circular dated August 31, 2023 has notified about the modifications permitted to withdrawn Products of Life Insurers. The objective for issuing this circular is to provide: a. options/benefits to existing policyholders. b. flexibility while

IRDAI EXPOSURE DRAFT ON CUSTOMER INFORMATION/KNOW YOUR POLICY

IRDAI vide an Exposure Draft dated August 30, 2023 has notified about the revision of Customer Information Sheet as sated in “Consolidated Guidelines on Product filing in Health Insurance Business dated July 22, 2020”. Further reference

Proposed IFSCA Investment by IFSC Insurance Office Amendment Reg 2023

IFSCA has issued a Consultation Paper dated August 29, 2023 on the proposed IFSCA (Investment by International Financial Service Centre Insurance Office) (Amendment) Regulations, 2023 (Proposed Amendment) and requested general public and stakeholders to share comments/suggestions

IRDAI CIRCULAR FOR INSURANCE CLAIMS PERTAINING TO FLOODS IN HIMACHAL PRADESH

IRDAI vide Circular bearing no. IRDAI/NL/CIR/MISG/161/08/2023 dated August 24, 2023 has advised all General and SAHI Companies to mobilize all resources to ensure immediate service response for settlement of claims. Key highlights of the Instructions were

IRDAI PRESS RELEASE- AMENDMENTS TO REINSURANCE REGULATIONS

IRDAI vide Press Release dated August 24, 2023 has notified about the revamped landscape of Reinsurance market. The primary motive behind this step was to attract more reinsurers to establish operations in India. These amendments are

IRDAI ADVISES INSURANCE COMPANIES TO SETTLE HIMACHAL PRADESH FLOOD CLAIMS ON FAST TRACK

IRDAI vide circular vide Circular bearing no. IRDAI/NL/CIR/MISG/161/08/2023 dated August 24, 2023 has advised all General and SAHI Companies to mobilize all resources to ensure immediate service response for settlement of claims. Key highlights of the

IRDAI RECONSTITUTION OF INSURANCE ADVISORY COMMITTEE

IRDAI vide a notification bearing no. IRDAI/IAC/6/194/2023 dated August 23, 2023 has exercised its power and reconstituted the Insurance Advisory Committee. The list of new appointees is as follows: 1. Chairman, State Bank of India 2.

IRDAI PUBLIC NOTICE ON UN-REGISTERED ENTITY BY NAME SURETY SEVEN

IRDAI vide public notice bearing no. IRDAI/NL/PNT/MISC/160/8/2023 dated August 22, 2023, wants to caution the general public that no registration has been granted to “Surety Seven” for undertaking any kind of solicitation or Insurance business pertaining