IRDAI vide IRDAI Press Release dated April 01, 2024, issued an IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations, 2024, with an intent to enhance the insurance sector’s growth by
Background The Authority has published IRDAI ( Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations , 2024 (‘PPHI Regulation’), in the Gazette of India, bearing F.No. IRDAI/Reg/11/205/202, after repealing the following prescription: 1. IRDA
IRDAI has issued a Circular on Servicing to the Policyholder – Special Measures for the current financial year 2023-24 bearing reference no. IRDAI/PP&GR/CIR/MISC/55/3/2024 dated March 28, 2024, with an intent to avoid hardship to the Policyholder.
IRDAI has issued a list of Domestic Systemically Important Insurers (D-SIIs) on March 27, 2024. The D-SIIs are insurance firms crucial to the stability of the financial system due to their size, market significance, and global
Background The Authority has published IRDAI (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024 (‘Regulation’), in the Gazette of India, bearing F. No. IRDAI/Reg/9/203/2024 dated March 20, 2024, after repealing the following
IRDAI vide a Press Note issued on March 22, 2024, has notified grant of certificate of registration (R2) to commence health insurance business to one applicant, namely: 1. Galaxy Health and Allied Insurance Company Limited With
Background The Authority has published IRDAI ( Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations , 2024 (‘PPHI Regulation’), in the Gazette of India, bearing F.No. IRDAI/Reg/11/205/202, after repealing the following prescription: 1. IRDA
Background The Authority has published IRDAI (Insurance Products) Regulations, 2024 (‘Product Regulation’), in the Gazette of India, bearing F. No. IRDAI/Reg/8/202/2024 dated March 20, 2024, after repealing the following prescription: i. IRDAI (Micro Insurance) Regulations, 2015.
Background The Authority has published IRDAI ( Rural, Social Sector and Motor Third Party Obligations) Regulations, 2024 , (‘RSM Regulation’) in the Gazette of India bearing F. No. IRDAI/Reg/4/198/2024 on March 20, 2024, after repealing the
Background The Authority has published IRDAI (Corporate Governance) Regulations, 2024, (Corporate Governance Regulation’) in the Gazette of India bearing F. No. IRDAI/Reg/7/201/2024 on March 20, 2024, with an intent to simplify the regulatory landscape and to