Category: Regulatory Updates

  • Regulatory Updates

IRDAI Order in the matter of M/s. Anmol Medicare Insurance TPA Limited

IRDAI vide Order bearing reference number: IRDAl/TPA/ORD/MISC/98/07/2024 dated July 04, 2024, issued an Order in the matter of M/s. Anmol Medicare Insurance TPA Limited (“Anmol TPA”) with respect to the Show Cause Notice dated November 20,

IRDAI Master Circular on Operation and Allied Matters of Insurers

IRDAI vide Master Circular bearing reference no: IRDAI/PPGR/CIR/MISC/97/06/2024 dated June 19, 2024, issued Master Circular on Operations and Allied Matters of Insurers (“ Master Circular 2024 ”). The Master Circular 2024 shall apply to all Insurers

IRDAI Order in the matter of M/s. Billionbrains Garage Ventures Private Limited

IRDAI vide Order bearing reference number: IRDAl/INT/ORD/MISC/94/06/2024 dated June 14, 2024, issued an Order in the matter of M/s. Billionbrains Garage Ventures Private Limited (“Corporate Agent”) with respect to the Show Cause Notice dated February 23,

IRDAI Master Circular on Submission on Returns

IRDAI vide Master Circular bearing reference no: IRDAI/NL/MSTCIR/RT/93/06/2024 dated June 14, 2024, issued Master Circular on Submission of Returns (“ Master Circular ”). The Master Circular shall apply to all Insurers including Foreign Reinsurance Branches in

New Business Statement of Life Insurers for the Period ended 31st May 2024

IRDAI has uploaded the Industry statistics on the First year Premium for Life Insurers for the Period ended 31st May 2024 Summary of the details are as under: New Business Statement of Life Insurers for the

IRDAI Master Circular on Life Insurance Products

IRDAI vide Master Circular bearing reference no: IRDAI/ACTL/MSTCIR/MISC/89/06/2024 dated June 12, 2024, issued Master Circular on Life Insurance Products (“ Life Products Master Circular 2024 ”). The Life Products Master Circular 2024 shall apply to all

IRDAI Surveyor Examination Notice and First List of Eligible Candidates

IRDAI vide Notice bearing no. IRDAI/SUR/EXAM/ON/SEP/2024 dated June 06, 2024, has issued a notice pertaining to instructions that are required to be followed before initiating the registration for the Surveyor and First List of Eligible Trainees

IRDAI Circular on Insurance Claims relating to Cyclone Remal and Subsequent heavy rains/floods

IRDAI vide Circular bearing reference number: IRDA/NL/CIR/MISC/88/06/2024 dated June 04, 2024, issued an advisory on Insurance claims relating to Cyclone Remal and subsequent heavy rains/floods. The major highlights of the Circular are as follows: The Authority

IRDAI Master Circular on Reinsurance, 2024

IRDAI vide ref. no IRDAI/REIN/MSTCIR/MISC/87/5/2024 dated May 31, 2024 issued Master Circular on Reinsurance, 2024 (“Master Circular”) to specify various requirements and forms and to provide directions/guidelines on various provisions of the IRDAI (Registration and Operations

IRDAI Master Circular on IRDAI (Insurance Products) Regulations 2024 – Health Insurance

IRDAI vide Circular bearing reference no: IRDAI/HLT/CIR/PRO/84/5/2024 dated May 29, 2024, issued Master Circular on IRDAI (Insurance Products) Regulations 2024 – Health Insurance (“ Health Products Master Circular 2024 ”). The Health Products Master Circular 2024