IRDAI (“Authority”) issued a circular having reference number IRDAI/RBC/CIR/MISC/94/8/2025 dated August 14, 2025, titled ‘Quantitative Impact Study – 2’ (“Circular”). The key highlights of the Circular are as under: The First Quantitative Impact Study (QIS-1) was
IRDAI (“Authority”) issued a circular having reference number IRDAI/RBC/CIR/MISC/94/8/2025 dated August 14, 2025, titled ‘Quantitative Impact Study – 2’ (“Circular”). The key highlights of the Circular are as under: The First Quantitative Impact Study (QIS-1) was
IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the Period ending July 31, 2025. Summary of the details are as under New Business Statement of Life Insurers for the
The IRDAI (“ Authority ”) issued an order in the matter of M/s Policybazaar Insurance Web Aggregator Pvt Ltd. (now known as M/s Policybazaar Insurance Brokers Pvt Ltd.) (herein after referred as (“ IWA ” or
The International Financial Servies Centres Authority (“IFSCA”) has invited Feedbacks/ Comments/ Suggestions for Review of International Financial Servies Centres Authority (Global In-House Centres) Regulation, 2020 (herein referred as “GIC Regulation”) dated November 12, 2020 via a
IRDAI has issued a Circular bearing Ref. No. IRDAI/INT/GDL/MISC/87/7/2025 on Revised Guidelines on Insurance Repositories and Electronic Issuance of Insurance Policies (“Circular”). The key amendment to the Guidelines is provided in the table below: Guidelines Earlier
IRDAI vide a press release has imposed a penalty of ₹3.39 crore (Rupees Three Crore Thirty-Nine Lakhs) and issued a warning to M/s Star Health and Allied Insurance Co. Ltd. for multiple violations under the Information
Dear Sir/Ma’am, IRDAI vide Master Circular bearing reference no: Ref: IRDAI/NL/CIR/RSS/85/07/2025 dated July 25, 2025, issued Master Circular on Rural, Social Sector and Motor Third Party Obligations (“ Master Circular 2025 ”). The Master Circular 2025
The IRDAI has placed the minutes of its 131st meeting held on April 15, 2025, on its website. The key highlights of the meeting are as follows- In absence of Chairperson, Shri Parmod Kumar Arora (Whole-time
The Insurance Regulatory and Development Authority of India (“IRDAI”) has issued the draft IRDAI (Internal Insurance Ombudsman) Guidelines, 2025 (“Draft Guidelines”) dated July 23, 2025, with the objective to facilitate effective and speedy resolution of grievances