IRDAI vide Ref No: IRDAI/F&I/GDL/MISC/219/10/2022 has issued a “Guidelines on Establishment and Closure of Liaison Office (LO) in India by an Insurance Company registered outside” India dated, October 17, 2022. Background: IRDAI had laid down framework
IRDAI has issued orders bearing reference no. Ref. No. IRDA/F&A/ORD/FA/ 214 /10/2022 & Ref. No. IRDA/F&A/ORD/FA/ 215 /10/2022 dated October 14, 2022 in the matter of M/s. Max Life Insurance Co. Ltd (Max Life / Insurer)
IRDAI has issued an Exposure draft on IRDAI (Registration of Indian Insurance Companies) Regulations dated October 13, 2022 with an objectives of simplifying the registration process for an insurance Company and to specify the fit and
IRDAI vide ref. No. IRDAI/NL/CIR/MISC/212/10/2022 dated October, 13, 2022 has issued a Circular on “Product Filing Procedure” (Circular) for Miscellaneous Line of Business under Use & File route which shall come into force with immediate effect.
IRDAI has placed a Press Release on its website with regard to Standard Operating Procedure for Inter-operable Regulatory Sandbox (IoRS) dated October 12, 2022. Background: The Inter-Regulatory Technical Group on FinTech (IRTG on FinTech) has been
IRDAI vide Circular Ref.No.30/IRDAI/HLT/GEN/ministry/2022-2023 has issued Circular on ‘Insurance Cover for new-born/infants under health insurance policies’, dated October 12, 2022 (Circular) Background Clause 1(j) of Chapter – II of Section – 2 of ‘Master Circular on
In continuation of Circular extending applicability of “Guidelines on Information and Cyber Security” to insurance intermediaries , dated September 2, 2022, the IRDAI vide Circular Ref. no: IRDAI/GA&HR/GDL/MISC/211/10/2022, dated October 13, 2022 has issued directions to
IRDAI has issued an Order bearing reference no IRDAI/INT/ORD/MISC/103/05/2022 dated May 25, 2022 in the matter of Deinon Risk Services Private Limited ( Deinon ), basis show cause issued pertaining to violation of section 42D(8) of
IRDAI has issued an Exposure Draft – IRDAI (Issuance of e-Insurance Policies) Regulations, 2022 dated September 29, 2022 with the objective to solicitate insurance business through electronic platform, to issue e-insurance policies procured either through electronic
IRDAI vide Ref: No: IRDAI/INT/GDL/MISC/202/9/2022 has issued a Guidelines in respect of Conflict of Interest and Common Directorship among Intermediary or Insurance intermediary * dated, September 28, 2022 to address the issues relating to conflict of