Background The Authority has published IRDAI (Corporate Governance) Regulations, 2024, Exposure Draft (Corporate Governance Regulations’) on February 02, 2024, with an intent to simplify the regulatory landscape and to reduce the burden of compliance on Insurers.
IRDAI vide Circular dated February 2, 2024, issued an exposure draft on IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations, 2024 (‘Exposure Draft’) with an intent to enhance the insurance
IRDAI vide Circular Ref. No. IRDAI/HLT/CIR/GDL/31/1/2024 dated January 31, 2024 issued a Guideline on providing AYUSH coverage in Health Insurance Policies. The major highlights of the Circular are as follows: 1. Board Approved Policy for providing
IRDAI vide Circular Ref. No. IRDAI/HLT/CIR/PRO/32/1/2024 dated January 31, 2024 has issued a modification to the ‘product model’ originally issued under circular on ‘Product for Persons with Disabilities (PWD), Persons afflicted with HIV/AIDS, and those with
IRDAI vide Press Release dated January 25, 2024 has reported the proceedings of the Fifth Edition of Bima Manthan, which was conducted on January 23, 2024 and January 25, 2024, at Hyderabad. Other than a comprehensive
IRDAI has uploaded Segment wise Gross Direct Premium for Non-Life Insurers up to 30 th November 2023. Please find attached file herewith for your reference. Source category: IRDAI Attachments /2024/338_Segment_wise_Gross_Direct_Premium_up_to_November_2023_(Provisional_Unaudited).pdf
Background The Authority has published IRDAI (Expenses of Management, including Commission, of Insurers) Regulations, 2024 (‘EOM Regulations’) on January 22, 2024 with an intent to strike a balance between operational flexibility and oversight by capping the
The Authority has issued a notification bearing F. No. IRDAI/GenInsurance/Tariff/1/195/2024 (‘Notification’) on January 22, 2024, de-notifying the Arbitration clause in various tariff products. This Notification impacts Fire, Motor, Engineering, Workmen’s Compensation, and other classes of insurance
IRDAI vide Notice bearing no. IRDAI/SUR/EXAM/ON/MAR/2024 dated January 12, 2024, has issued a notice pertaining to instructions that are required to be followed before initiating the registration for the Surveyor and Final List of Eligible Trainee
IRDAI vide its order bearing no. IRDAI/E&C/ORD/ONS/5/1/2024 dated January 09, 2024, has issued an order against M/s Anmol Medicare TPA Limited (“TPA”). Issue: An inspection of M/s Anmol Medicare TPA Ltd (Company) has been carried out