IRDAI vide ref No: IRDAI/REIN/CIR/MISC/ 247 /12/2022, dated December 19, 2022 has issued a Circular on “Reinsurance Treaty Agreements covering Fire and Engineering Lines of Business – prohibition of provisions that make for broad market price
The Ministry of Electronics and Information Technology (Ministry) has issued a Bill, titled ‘The Digital Personal Data Protection Bill, 2022’. (“the Bill”). The Ministry has invited feedback from the members on the Bill. Background: Currently, data
IRDAI vide circular ref.no. IRDAI/ Reg/5/184/2022, dated December 05, 2022 has issued “IRDAI (Appointed Actuary) Regulations, 2022” (“Regulations”) Major highlights of the Regulations are as follows: The Regulation shall come into force from the date of
IRDAI vide ref No: IRDAI/HLT/CIR/REG/244/12/2022, dated December 08, 2022 has issued a Circular on “Insurance cover for new-borns/infants under Health insurance policies”(Circular). The Authority has drawn reference to Circular, dated October 12, 2022 on “Modifications in
IRDAI vide ref. no. IRDAI/NL/ORD/MISC/242/12/2022, dated December 7, 2022 has issued an Order on “Constitution of Working Group for suggesting the regulatory framework post de-notification of the existing tariffs”(Order). In order to put in place an
IRDAI has issued an “Exposure Draft on Long-Term Fire Insurance products (“Exposure Draft”)” for seeking comments/suggestions of the stakeholders. Objective – To allow General Insurers to design and file “alternative products” covering Fire and Allied perils
IRDAI has issued an “Exposure Draft on Long-Term Motor Products covering both Motor Third Party Insurance and Own Damage Insurance (“Exposure Draft”)” for seeking comments/suggestions of the stakeholders. Objective –The Authority has proposed to permit all
IRDAI vide ref No: IRDAI/HLT/CIR/MISC/235/12/2022 dated December 06, 2022 has issued a Circular on “Extension of timelines for filing of Health Quarterly Returns to the Authority”(Circular). IRDAI has drawn reference to Clause 1. ii of the
IRDAI vide ref. no. IRDAI/Reg/7/186/2022, dated December 5, 2022 has issued “IRDAI (Assets, Liabilities and Solvency Margin of General Insurance Business) (Amendment) Regulations, 2022” (Amendment Regulations). Major highlights of the Amendment Regulations are as under: Premiums
IRDAI vide circular ref.no. IRDAI/ Reg/4/183/2022, dated December 5, 20222 has issued “IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2022” (“Amendment Regulations”) Objective : To enable the prospects and policyholders to have wider choice and access to purchase