IRDAI vide its order bearing no. IRDAI/INT/ORD/MISC/199/11/2023 dated November 10, 2023, has issued an order against M/s Centcart Insurance Broking Services Private Limited (“Broker”). Issue: The Broker had not filed the second Half-yearly returns for FY
IRDAI vide Circular bearing no. IRDAI/I&AT/CIR/MISC/194/11/2023 dated November 03, 2023 has informed about the participation in Account Aggregator Framework (AAF) as Financial User. Further, reference can be drawn to IRDAI Circular bearing no. IRDAI/IID/CIR/MISC/229/11/2022 dated November
IRDAI vide order bearing no. IRDAI/NL/De-tariff/196/11/2023 dated November 03, 2023 has given an order pertaining to constitution of the Task Force to suggest applicable framework post De-tariffication of erstwhile tariffs. IRDAI has examined the recommendations of
IRDAI vide notification bearing no. IRDAI/PP&GR/ORD/CMT/189/10/2023 dated October 31, 2023 has informed about the taskforce on Bancassurance Chanel. IRDAI states that Banks play an important role in distribution of Insurance products. Although, Banks have an option
IRDAI vide Circular bearing no. IRDAI\HLT\CIR\MISC\190\10\2023 dated October 30, 2023 has notified all Insurers (except AIC and ECGC) regarding the revision of Customer Information sheet (CIS). The IRDAI emphasizes on the significance of comprehending the policy,
IRDAI vide Press Release dated October 30, 2023 has informed about a step towards promoting transparency and enhancing policyholder awareness regarding their Health Insurance Policies. To further empower the Policyholders, in terms of their understanding of
IRDAI vide Circular bearing no. IRDAI/NL/CIR/MISC/188/10/2023 dated October 27, 2023 has notified all CEOs/CMDs of General Insurance Companies about the reference made by Hon’ble Supreme Court, and in response to the same IRDAI undertook a review
International Financial Services Authority (‘IFSCA’) vide Circular bearing reference number: F. No. 1110/IFSCA/Div. of AML & CFT/WMD Act/2023-24/01 dated October 20, 2023 notified the IFSC Insurance Office (IIO) that the order reference number: F. No- 12011/14/2022-ES
IRDAI vide Circular bearing no. IRDAI/NL/CIR/MOTOR/178/10/2023-24 dated October 18, 2023 has notified to all General Insurers (except SAHI and Specialized Insurers) about mandating of coverage and payment of premium under IMT-29, as an inbuilt coverage in
IRDAI vide Circular bearing reference number: IRDA/NL/CIR/MISC/183/10/2023 dated October 18, 2023 issued an advisory on Insurance claims relating to floods in Sikkim. The major highlights of the Circular are as follows: The Authority has advised all