The International Financial Services Centres Authority (IFSCA) vide circular ref no. 939/IFSCA/FATF-C/PMLA/2023-24 has issued guidance note on corresponding changes in the IFSCA (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022 (AML/CFT Guidelines) basis
IRDAI has uploaded the Industry statistics on the First year Premium for Life Insurers for the Financial Year 2023-24 Summary of the details are as under: Source category: IRDAI Attachments /2023/204_30_04_2023_को_जीवन_बीमाकर्ताओं_का_प्रथम_वर्ष_का_प्रीमियम_First_year_premium_of_Life_Insurers_as_at_3
IRDAI vide its circular bearing reference number IRDA/INT/CIR/MISC/108/05/2023 dated May 19, 2023, has intimated that its portals for registration of IMFs, Web Aggregators and ISNPs are undergoing revamp to update them and make them more applicant
IRDAI vide Reference No IRDAI/GA&HR/ORD/CMT/105/5/2023 dated May 15, 2023, has issued an order constituting a Task Force to facilitate ease of doing KYC. Objective of the Task Force: Insurance companies are facing various issues in doing
International Financial Services Centres Authority (IFSCA or Authority) vide ref. No. F. No. IFSCA/2022-23/GN/REG035 dated May 17, 2023 has issued a Circular on Fee structure for the entities undertaking or intending to undertake permissible activities in
IRDAI, vide a press release dated May 16, 2023, has emphasized on promoting Surety Insurance Bonds market. In consideration of this, the solvency requirement applicable for such products has now been reduced to control level of
IRDAI vide Reference No IRDAI/NL/CIR/SIC/104/5/2023 dated May 15, 2023 has revised the IRDAI (Surety Insurance Contracts) Guidelines, 2022 as under: Clause 6.1 (a): Meeting the requirement of maintaining a solvency margin of not below 1.25 times
IRDAI vide ref no. IRDAI/HLT/ORD/Gen/73/03/2023 dated May 12, 2023 has issued an order appointing an ‘Expert Committee’ for holistic examination of the various aspects of it necessary from the insurance perspective. A. The Committee is comprised
IRDAI vide ref. no. IRDAI/HLT/CIR/PRO/01/05/2023 dated May 10, 2023 has issued a circular on Surrogacy (Regulation) Act, 2021 (Surrogacy Act) and Assisted Reproductive Technology Act, 2021 (ART Act). By virtue of the circular, the Authority requires
IRDAI vide ref no. IRDAI/Life/Advt./REG/5/2023 dated May 04, 2023 has issued an Exposure Draft amending the provisions of IRDAI (Insurance Advertisement) Regulations, 2021 as IRDA (Insurance Advertisement and Disclosure) (First Amendment) Regulation 2021 . The purpose