Category: Regulatory Updates

  • Regulatory Updates

IRDAI (REGULATORY SANDBOX) REGULATIONS, 2025

IRDAI has issued the regulation titled IRDAI (Regulatory Sandbox) Regulations, 2025 (“Regulations”) bearing reference number IRDAI/Reg/5/212/2025 dated January 01, 2025, superseding the IRDAI (Regulatory Sandbox) Regulations, 2019, with the objective to foster innovation in the insurance

IRDAI (MAINTENANCE OF INFORMATION BY THE REGULATED ENTITIES AND SHARING OF INFORMATION BY THE AUTHOR

IRDAI has issued the regulation titled IRDAI (Maintenance of Information by the Regulated Entities and Sharing of Information by the Authority), Regulations 2025 (“Regulations”) bearing reference number IRDAI/Reg/4/211/2025 dated January 01, 2025, with the objective to

IRDAI First year Premium for Life Insurers for the Period ending December 31, 2024

IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the Period ending December 31, 2024. Summary of the details are as under: Insurer Premium Growth over prev year in %

IRDAI Exposure draft – IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2024

IRDAI issued the draft IRDAI (Regulatory Sandbox) Regulations, 2024 (“ Draft Regulations ”) on November 04, 2024, with the objective to foster innovation in the insurance sector while protecting policyholders, ensure orderly development and create a

IRDAI Exposure Draft- IRDAI (Insurance Advisory Committee) (Amendment) Regulations, 2024

IRDAI issued the draft IRDAI (Insurance Advisory Committee) (Amendment) Regulations , 2024 (“ Draft Regulations ”) on November 04, 2024, with the objective to enhance the clarity and efficiency in advisory functions of the Insurance Advisory

IRDAI Exposure Draft- IRDAI (Re-insurance Advisory Committee) (Amendment) Regulations, 2024

IRDAI issued the draft IRDAI (Re-insurance Advisory Committee) (Amendment) Regulations , 2024 (“ Draft Regulations ”) on November 04, 2024, with the objective to enhance efficiency of the conduct of the Re-insurance advisory Committee. The key

IRDAI First year Premium for Life Insurers for the Period ending October 31 2024

IRDAI has uploaded the industry statistics on the First year Premium for Life Insurers for the Period ending October 31, 2024 Summary of the details are as under: New Business Statement of Life Insurers for the

IRDAI PRESS RELEASE ON BIMA MANTHAN

IRDAI issued a press release dated November 18, 2024, on the quarterly meeting of IRDAI with the insurance industry (‘Bima Manthan’) held on November 11, 2024, and November 12, 2024, in Hyderabad. The key highlights of

IRDAI GDP Flash Figure for Non-Life

IRDAI has uploaded Gross Direct Premium Flash Figure for Non-Life Insurers Up to October 2024. Please find attached file herewith for your reference. Source category: IRDAI Attachments IRDAI GDP flash Figure Up to October 2024.pdf

IFSCA Modifications under IFSC(Anti Money Laundering, Counter-Terrorist Financing and Know Your Cust

The International Financial Services Centres Authority (IFSCA) vide Circular bearing reference number: F. No. IFSCA-DAC/8/2024-AMLCFT dated November 22, 2024 issued “Modifications under International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer)