IRDAI06 Aug 2026circularPrepared by Complied AI

Submission of Monthly Information for Index of Service Production

Official title

Circular - Submission of information by insurers on monthly basis for the purpose of Index of Service Production

Official record

AI-prepared change brief

What changed

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that all life, general, and health insurers submit specific monthly financial data to support the Ministry of Statistics and Programme Implementation (MOSPI) in preparing the Index of Service Production (ISP). General and health insurers must report Gross Direct Premium, Claims Paid (Direct), and Investment Income. Life insurers must report Gross Premium, Gross Benefits paid, and Investment Income. Data must be submitted via National Informatics Centre (NIC) online templates by the 15th day of the month following the reporting period, starting from July 2026. This requirement does not alter existing financial statement disclosure obligations under the Insurance Act, 1938, or the IRDA Act, 1999.

Who is affected: All Life Insurers, General and Health Insurers
Required action: Submit specified financial data through NIC online data templates by the 15th day of the month succeeding the reporting month.
Key dates: Commencement of reporting requirement — 30 Jun 2026
Exceptions: Reinsurers are excluded from the reporting requirements for general and health insurers.

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Source details

Source: Insurance Regulatory and Development Authority of India
Type: circular
Published by source: 06 Aug 2026
Document number: IRDAI/F&I/CIR/MISC/102/8/2026
Issuing division: Finance & Investment
Effective date: 30 Jun 2026
Coverage area: insurance

Document text

Prepared for reading; wording retained from the source.

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Circular

IRDAI/F&I/CIR/MISC/102/8/2026

Date: 07-08-2026

To, All Life Insurers, General and Health Insurers

Sub: Submission of information by insurers on monthly basis for the purpose of Index of Service Production

In order to facilitate the data requirements of Ministry of Statistics and Programme Implementation (MOSPI) in preparation of Index of Service Production (ISP), information on Premium Income, Investment Income and Claims of insurers is required.
General and Health Insurers (excluding Reinsurers) are required from July 2026 onwards to submit Gross Direct Premium, Claims Paid (Direct) and Investment Income of Policyholders and Shareholders. Life insurers are required to submit Premium (Gross), Benefits paid (Gross) and Investment Income for Policyholders and Shareholders.
The details shall be submitted through the National Informatics Centre (NIC) online data templates created for the purpose.

Annexure A- Data Template for Life Insurers Annexure B- Data Template for General and Health Insurers

The link for the online data templates will be shared separately.

The details through the NIC form shall be submitted on or before the 15th day of the month succeeding the reporting month. Insurers are advised to ensure that the information furnished is complete and accurate at the time of submission.
This circular is issued under Section 14(2)(h) of IRDA Act, 1999, with the limited purpose of enabling life insurers, General and Health Insurers to meet the data requirements of Index of Service Production (ISP). These requirements do not in any manner, modify the disclosure requirements or the manner of preparation of financial statements as required under the Insurance Act, 1938, IRDA Act, 1999 and the Regulations framed thereunder.

Sd/- Member (Finance & Investment)

सर्वे नं. 115/1, फाइनेंशियल डिस्ट्रिक्ट, नानकरामगुडा, हैदराबाद-500 032, भारत | Survey No. 115/1, Financial District, Nanakramguda, Hyderabad-500 032, India © : +91-40-20204000 वेबसाइट : www.irdai.gov.in | © : +91-40-20204000 Website: www.irdai.gov.in

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