Category: Regulatory Updates

  • Regulatory Updates

Press release and Report Of The Expert Committee On Longevity Finance

The International Financial Services Centres Authority (IFSCA) vide notification dated April 12, 2022 has issued a Report of the expert committee on Longevity Finance (Report) and subsequently issued a Press Release dated April 13, 2022. Background

Aadhaar authentication service notification

Ministry of Finance vide reference number CG-DL-E-08042022-234980, dated April 8, 2022 has notified the below tabled reporting entities to undertake Aadhaar authentication service of the Unique Identification Authority of India under section 11A of the Prevention

IRDAI (Regulatory Sandbox) (Amendment) Regulations_ 2022

IRDAI has issued an Exposure Draft – IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2022 for seeking comments/suggestions from the stakeholders. Major highlights of the Exposure Draft are as follows: The limited time period of applicability of the

IRDAI Press note

IRDAI has issued a press note dated April 8, 2022 with regards to the interactive sessions conducted amongst the insurance industry during 6-7 April 2022 at Mumbai which was presided over by Mr. Debasish Panda, Chairperson,

Extension of timelines on for (a)Issuance of Electronic Policies and (b)dispensing with p

The Authority vide reference IRDAI/NL/CIR/MISC/060/03/2022 and IRDAI/HLT/CIR/REG/061/03/2022 dated March 31, 2022 has issued Circulars on ‘Extension of timelines for dispensing with physical documents and wet signature on the proposal form in respect of General insurance policies

Extension of timelines for sale and renewal of short term Covid specific health insurance

IRDAI vide reference no. IRDAI/HLT/REG/CIR/ 57/03/2022 dated March 28, 2022 has issued Circular on ‘Extension of timelines for sale and renewal of short term Covid specific health insurance policies’(Circular). Background: Reference is drawn to the Circular

IRDAI vide reference no. IRDAI/HLT/REG/CIR/ 57/03/2022 dated March 28, 2022 has issued Circular on Extension of timelines for…

IRDAI vide reference no. IRDAI/HLT/REG/CIR/ 57/03/2022 dated March 28, 2022 has issued Circular on ‘Extension of timelines for sale and renewal of short term Covid specific health insurance policies’(Circular). Background: Reference is drawn to the Circular

Dividend criteria for Equity Investment under “Approved Investment”

IRDAI has vide ref. no . IRDAI/F&I/CIR/INV/51/03/2022 dated March 24, 2022 issued a Circular on Dividend Criteria for Equity Investment under “Approved Investment”. Major highlights of the Circular In continuation of Circular No. IRDAI/F&I/CIR/INV/255/09/2021 dated September

Motor Third Party Premium and liability rules for the Financial Year (FY) 2022-23

Ministry of Road Transport and Highways (Ministry) vide Ref: G.S.R. 215(E). dated March 17, 2022 has issued draft Motor Third Party Premium and liability Rules (“Proposed Rules”) for the Financial Year (FY) 2022-23. The highlights of

IRDAI Chairman Takes Charge of IRDAI

IRDAI vide press release dated March 14, 2022, has informed that Mr. Debasish Panda, IAS (Retd.) has taken charge as the Chairman of the IRDAI with effect from March 14, 2022. Source category: IRDAI Attachments /2022/5_Brief_Profile_of_Mr__Debasish_Panda.pdf