IRDAI vide Order bearing reference number: IRDAI/E&C/ORD/MISC/115/09/2024 dated September 06, 2024, issued an Order in the matter of M/s SBI Life Insurance Co. Ltd. (“ Insurer”) with respect to the Show Cause Notice (“SCN”) dated July
IRDAI vide Circular bearing reference no: IRDAI/F&I/CIR/Misc/119/9/2024 dated September 6, 2024, issued a modification to the Master Circular on Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers, 2024 dated May 15, 2024 (Circular’) to
IRDAI vide Master Circular bearing reference no: IRDAI/PP&GR/CIR/MISC/117/9/2024 dated September 05, 2024, issued Master Circular on Protection of Policyholder’s Interests, 2024 (“ Master Circular 2024 ”) which is second of the two Master Circulars issued under
IFSCA issued a consultation paper on “Complaint Handling and Grievance Redressal” on August 30, 2024, with the objective of seeking comments from the public and other stakeholders on the draft regulatory framework for complaint handling and
The IRDAI, in a press note issued on August 25, 2024, has informed us about the “Insurance for All” Vision Meet held in Mumbai on August 23-24, 2024. The meeting focused on creating a strategy for
IRDAI has uploaded the Industry statistics on the First year Premium for Life Insurers for the Period ended 31st July 2024 Summary of the details are as under: New Business Statement of Life Insurers for the
IRDAI, vide ref. No. F. No. IRDAI/LIFE/CIR/MISC/109/8/2024 dated August 08, 2024, has issued a Circular on Submission of data by life Insurers to Insurance Information Bureau of India (IIBI) superseding the following Circulars: a. Circular Ref.
IRDAI vide Circular bearing reference no: IRDAI/IID/CIR/MISC/112/8/2024 dated August 12, 2024 issued Modifications to the Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2024 dated August 01, 2022 (‘Circular’) advising insurers to refer Central KYC Registry
IRDAI vide Circular bearing reference number: IRDA/NL/CIR/MISC/108/8/2024 dated August 02, 2024, issued an advisory on Insurance claims relating to landslides in Wayanad, Kerala. The major highlights of the Circular are as follows: The Authority has advised
The Ministry of Environment, Forest and Climate Change (Authority) has published a Draft Notification on Public Liability Insurance (Amendment) Rules, 2024 (‘Rules’), in the Gazette of India, bearing S.O 2872(E) dated July 19, 2024. Some major