Category: Regulatory Updates

  • Regulatory Updates

Use and file procedure for all categories of products under health insurance business

IRDAI has issued circular vide Ref no. IRDAI/HLT/REG/CIR/108/06/2022 dated June 1, 2022, on Use and file procedure for all categories of products under health insurance business –reg’ (Circular), superseding the earlier circular issued on Modification guidelines

InsurTech – Catalyst that Inspires

IRDAI has issued a Press Release dated May 31, 2022 (Press Release) that summaries the discussions held on May 30, 2022 at the conference on ‘InsurTech – Catalyst that Inspires’ at Bengaluru. Shri Debashish Panda, Chairman

InsurTech – Catalyst that Inspires (5)

IRDAI has issued a Press Release on ‘InsurTech – Catalyst that Inspires’ dated May 24, 2022 (Press Release). Major highlights of the Press Release are as follows: With an aim to emphasize upon the InsurTech ecosystem,

Modifications in definition of Critical Illnesses prescribed in Guidelines on Standardiza

IRDAI vide reference no. IRDAI/HLT/REG/CIR/104/5/2022 has issued a Circular on ‘Modifications in definition of Critical Illnesses prescribed in Guidelines on Standardization in Health Insurance’ dated May 27, 2022 (Circular). Major highlights of the Circular are as

Adhering the timelines of award settlement as per Rule 17(6) of the Insurance Ombudsman R

IRDAI vide reference no. IRDAI/CAD/CIR/MISC/105/5/2022 has issued a Circular on ‘Adhering the timelines of award settlement as per Rule 17(6) of the Insurance Ombudsman Rules, 2017’ dated May 27, 2022 (Circular). Background The Circular draws reference

Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules_ 2022

The Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 notified by Ministry of Road Transport and Highways ( MoRTH ) bearing reference number G.S.R. 394(E) dated May 25, 2022 have been uploaded by

Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules_ 2022 (6)

Ministry of Road Transport and Highways ( MoRTH ) has notified Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 ( Rules ) vide reference number G.S.R. 394(E) dated May 25, 2022 . The

InsurTech – Catalyst that Inspires (4)

In continuation to the Press Release issued on “InsurTech – Catalyst that Inspires’ dated May 24, 2022 , IRDAI has subsequently shared the following details of the conference scheduled to be held on May 30, 2022

Revision of Health Insurance Regulatory Returns

IRDAI vide reference no. IRDAI/HLT/CIR/MISC/102/5/2022 has issued a Circular on ‘Revision of Health Insurance Regulatory Returns’ dated May 23, 2022 (Circular). Major highlights of the Circular are as follows: IRDAI comprehensively examined the extant returns being

Reconstitution of Reinsurance Advisory Committee

IRDAI vide Ref No. IRDAI/REIN/NOT/RIN/101/5/2022 dated May 20, 2022 has issued a Notification on Reconstitution of Reinsurance Advisory Committee The Chairman and the Members of the Reinsurance Advisory Committee are as follows: Sr. No. Name Designation