IRDAI vide ref. no. IRDAI/Reg/7/186/2022, dated December 5, 2022 has issued “IRDAI (Assets, Liabilities and Solvency Margin of General Insurance Business) (Amendment) Regulations, 2022” (Amendment Regulations). Major highlights of the Amendment Regulations are as under: Premiums
IRDAI vide ref No: IRDAI/HLT/CIR/MISC/235/12/2022 dated December 06, 2022 has issued a Circular on “Extension of timelines for filing of Health Quarterly Returns to the Authority”(Circular). IRDAI has drawn reference to Clause 1. ii of the
IRDAI vide ref No: IRDAI/ACTL/CIR/MISC/234/12/2022 dated December 05, 2022 has issued a Circular on “Upload of Motor Third Party data in IIBI’s portal”(Circular). Background: Central Government prescribes the premiums for motor third party (Motor TP) insurance
IRDAI vide ref. no. IRDAI/Reg/9/188/2022, dated December 5, 2022 has issued “IRDAI (Registration of Indian Insurance Companies) Regulations, 2022.” (“Regulations”). Objective : To promote ease of doing business and promote growth of insurance sector by simplifying
The Authority vide reference no. IRDAI/Reg/8/187/2022 dated December 05, 2022 has notified the IRDAI (Other Forms of Capital) Regulations, 2022, with an objective to provide for effective regulatory framework for issuance of Other Forms of Capital
IRDAI vide ref No: IRDAI/F&I/CIR/INV/233/12/2022 dated December 01, 2022 has issued a Circular on “Clarification with respect to NDS-OM- Investments-Master Circular”(Circular). The Authority has drawn reference to provisions of para 4.11.3 of Investments-Master Circular with regard
The Department of Finance Services (DFS) Ministry of Finance, Govt. of India has issued a Public Notice on its website inviting comments from all stakeholders on the proposed amendments to IRDAI Act, 1999 (Proposed Amendments). Key
The Department of Finance Services (DFS) Ministry of Finance, Govt. of India has issued a Public Notice on its website inviting comments from all the stakeholders on the proposed amendments to Insurance Act, 1938 (Proposed Amendments).
IRDAI has issued a revised Exposure Draft – IRDAI (Re-insurance) (First Amendment) Regulations, 2022 (“revised Exposure Draft”) for seeking comments/suggestions of the stakeholders. Background – The Exposure Draft – IRDAI (Re-insurance) (First Amendment) Regulations, 2022 was
IRDAI has issued a press note dated November 25, 2022 with regards to Insuring India by 2047 – New landscape for Insurance Sector. The note highlights the commitment of the Authority to enable appropriate life, health