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
IRDAI issued a Press Release on the 132nd Meeting of the Authority, which was held on 14th July 2025 at IRDAI, Hyderabad. The key highlights of the Press Release are as follows: The Rural, Social Sector,
IRDAI has issued a press release on ‘Transfer of equity shares related to M/s Bajaj Allianz Life Insurance Company and M/s Bajaj General Insurance Company dated July 17, 2025. The details of press release are as
IRDAI has uploaded the industry statistics on the First Year Premium for Life Insurers for the period ending 30th June 2025. Summary of the details are as under: New Business Statement of Life Insurers for the
IRDAI has uploaded Gross Direct Premium Flash Figure for Non-Life Insurers Up to June 2025. Source category: IRDAI Attachments IRDAI GDP flash Figure of Non-Life Insurers up to June 2025
IFSCA has issued a consultation paper on “Modifications to the IFSC (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 (“Guidelines”) dated 08th July 2025, inviting public comments on the proposed modifications to Part-A
IFSCA has issued a Press Release dated 08th July 2025 titled “The Financial Action Task Force (FATF) – High-Risk Jurisdictions and Other Monitored Jurisdictions”. The key highlights of the Press Release are as follows: The Financial
IFSCA has issued the Press Release dated 08th July 2025 titled “The Financial Action Task Force (FATF) – High-Risk Jurisdictions and Other Monitored Jurisdictions”. The key highlights of the Press Release are as follows: FATF has
The IRDAI (“Authority”) issued an Order in the matter of M/s Edelweiss Life Insurance Company Limited (formerly known as Edelweiss Tokio Life Insurance Co. Ltd.) (“Insurer” or “Company”) vide Order bearing reference number IRDAI/E&C/ORD/MISC/73/06/2025 dated 25th
The Ministry of Corporate Affairs (hereinafter referred to as the “Ministry”) has issued recommendations for streamlining the incorporation process of IFSC companies through a Memorandum dated 24th June 2025 (hereinafter referred to as the “Memorandum”). The