IRDAI circulars 2017

Extension of Deadline for Comments on Life Insurance Product Regulations

The Insurance Regulatory and Development Authority of India extends the last date for comments on the Report of the Product Regulations Review Committee for Life Insurance.

Shifting of IRDAI Head Office to Financial District Gachibowli

The Insurance Regulatory and Development Authority of India shifts its head office to new premises at Financial District Gachibowli in Hyderabad.

PML Maintenance of Records Seventh Amendment Rules 2017 Submission Timeline

Life and General Insurers must note the submission deadline for client identity details under the Prevention of Money-laundering rules.

Grant of Approval for Online Training

The Insurance Regulatory and Development Authority of India grants approval to National Insurance Academy, Pune to undertake online training for becoming broker trained person and…

Aadhaar and PAN/Form 60 Mandatory for Insurance Policies

Life and General Insurers must implement the Prevention of Money-laundering Rules.

Clarifications on Motor Insurance Service Provider Guidelines

The Insurance Regulatory and Development Authority of India issues clarifications on the Motor Insurance Service Provider guidelines for insurers, insurance intermediaries, and…

Motor Insurance Service Provider (MISP) Portal

Indemnity Health Insurance Products through Point of Sales

The Insurance Regulatory and Development Authority of India allows individual indemnity based health insurance products to be sold through the Point of Sales channel.

Compliance with Motor Insurance Service Provider Guidelines

The Insurance Regulatory and Development Authority of India directs insurance intermediaries to follow the Motor Insurance Service Provider guidelines without exception.

Compliance on Information and Cyber Security Guidelines

Life insurers, general insurers, health insurers and reinsurers must take immediate steps to secure their Information and Computer Technology infrastructure.

Extension for Filing of Insurance Self Network Platform Application

The Authority grants time till 30th November, 2017 to file their ISNP application to all those regulated entities who have not filed the application.

Website Information of Insurance Regulatory and Development Authority of India

The website provides general information regarding the Insurance Regulatory and Development Authority of India.

Time Limit for Filing Surveyor Returns for General Insurers

The Insurance Regulatory and Development Authority of India sets filing time limits for returns under Regulation 21 of the IRDAI (Insurance Surveyors and Loss Assessors)…

Publishing of Death Claims Paid Ratios in Insurance Advertisements

Life insurers must use only annual figures of death claims paid ratios based on the number of policies alone when publishing them in insurance advertisements.

Clarifications on Insurance Repositories and E-Commerce Guidelines

The Authority clarifies provisions regarding electronic insurance accounts, electronic signatures, and KYC compliance for insurers, intermediaries, and insurance repositories.

Clarification on Aadhaar based e-KYC

Life and general insurers must use the Aadhaar e-KYC authentication facility for client identification and authentication.

Compliance with Lok Adalat and MACT Proceedings and Policyholder Servicing

All general insurance companies must attend court cases and participate in Lok Adalats.

Central Database of Licensed Insurance Sales Persons Portal Phase

All insurance intermediaries must upload specific details of their sales personnel to the Insurance Information Bureau of India portal.

Modification to Guidelines on Point of Sales Life Insurance Products

The Insurance Regulatory and Development Authority of India modifies the guidelines on point of sales life insurance products to include non-linked non-par health insurance…

Creation of Debenture Redemption Reserve for Insurers

Insurers that raise capital through the issue of debentures must create a Debenture Redemption Reserve under the Companies Act, 2013.