IRDAI vide ref No: IRDAI/REIN/CIR/MISC/ 247 /12/2022, dated December 19, 2022 has issued a Circular on “Reinsurance Treaty Agreements covering Fire and Engineering Lines of Business – prohibition of provisions that make for broad market price
The Ministry of Electronics and Information Technology (Ministry) has issued a Bill, titled ‘The Digital Personal Data Protection Bill, 2022’. (“the Bill”). The Ministry has invited feedback from the members on the Bill. Background: Currently, data
IRDAI vide circular ref.no. IRDAI/ Reg/5/184/2022, dated December 05, 2022 has issued “IRDAI (Appointed Actuary) Regulations, 2022” (“Regulations”) Major highlights of the Regulations are as follows: The Regulation shall come into force from the date of
IRDAI vide ref No: IRDAI/HLT/CIR/REG/244/12/2022, dated December 08, 2022 has issued a Circular on “Insurance cover for new-borns/infants under Health insurance policies”(Circular). The Authority has drawn reference to Circular, dated October 12, 2022 on “Modifications in
IRDAI has issued an “Exposure Draft on Long-Term Motor Products covering both Motor Third Party Insurance and Own Damage Insurance (“Exposure Draft”)” for seeking comments/suggestions of the stakeholders. Objective –The Authority has proposed to permit all
IRDAI has issued an “Exposure Draft on Long-Term Fire Insurance products (“Exposure Draft”)” for seeking comments/suggestions of the stakeholders. Objective – To allow General Insurers to design and file “alternative products” covering Fire and Allied perils
IRDAI vide ref. no. IRDAI/NL/ORD/MISC/242/12/2022, dated December 7, 2022 has issued an Order on “Constitution of Working Group for suggesting the regulatory framework post de-notification of the existing tariffs”(Order). In order to put in place an
Ministry of Finance vide ref no: S.O. 5683(E) dated December 06, 2022 has clarified that the entities on boarded to perform authentication under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act,
IRDAI vide notification no. F. No. IRDAI/Reg/3/182/2022 dated December 05, 2022 has issued a “Insurance Regulatory and Development Authority of India (Regulatory Sandbox) (Amendment) Regulations, 2022”(“Amendment Regulations”). The major highlights of the regulation are as follows:-
IRDAI vide circular ref.no. IRDAI/ Reg/4/183/2022, dated December 5, 20222 has issued “IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2022” (“Amendment Regulations”) Objective : To enable the prospects and policyholders to have wider choice and access to purchase