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 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 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 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 has uploaded the industry statistics on the First Year Premium for Life Insurers for the period ending January 31, 2025. Summary of the details are as under: New Business Statement of Life Insurers for the
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”
IRDAI issued a press release on February 14, 2025, announcing the ninth edition of Bima Manthan, a two-day quarterly meeting with CEOs of insurers held in Hyderabad on February 13-14, 2025, featuring candid discussions on various
IRDAI vide reference number IRDAI/GA&HR/GDL/MISC/33/02/2024 dated January 05, 2025, has issued an Office Order on reconstitution of Inter-Disciplinary Standing Committee on Cyber Security (“2025 Order”). The Committee, as constituted under the previous Office Order on the
IRDAI issued a press release dated January 30, 2025, titled “Review of revision in premium rates under health insurance policies for senior citizens” with the aim to address the issue of steep increase in premium rates