Dispensing of certain non-life insurance returns

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Ref:IRDAI/NL/CIR/MISC/77/4/2022 Date: 28th April, 2022 All Non-Life Insurers Sub: Dispensing with certain Non-Life Insurance returns The various returns being collected by the Authority in respect of Non-Life insurance have been reviewed. It has been decided to dispense with the requirement of submission of following 16 returns by Non-Life Insurers: 1. Data / statement from serial nos. 3 to 7 of Schedule IV of Guidelines on Product Filing procedure for General Insurance products (5 returns): With reference to Schedule IV of Guidelines on Product Filing procedures for General Insurance products and IRDAI Circular Ref IRDAI/NL/GDL/CIR/F&U/188/10/2019, dated 15th October 2019, kindly note that the data / statements from serial nos. 3 to 7 of Schedule IV are not required to be submitted to the Authority. However, these statement shall be maintained systematically by the insurer at their end. 2. Offline Submission of Form I to X and Monthly Business Figures (11): Since the data being submitted vide these returns is also being collected under through BAP, from the FY 2022-23, Insurers are not required to submit Offline Form 1 to X and Monthly Business Figures in physical form. However, Insurers shall ensure that they submit Non-Life Operational Returns in BAP as per the periodicity and time-limits prescribed. (Yegnapriya Bharath) Chief General Manager (Non-Life) YEGNAPRIY A BHARATH Digitally signed by YEGNAPRIYA BHARATH DN: c=IN, o=INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY, ou=MINISTRY OF FINANCE, pseudonym=e14b0961634cd479ea0e07ba1ba 8b6af6e0a54cccdf40a26a7fee4b8470d8651, postalCode=500032, st=TELANGANA, serialNumber=ba524d0c14c848fb92be8ee3fe0 ba26df12933024dfbd22f61ed0a1c56efa543, cn=YEGNAPRIYA BHARATH Date: 2022.04.28 17:11:25 +05'30'