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The Insurance Regulatory and Development Authority of India allows life insurers to skip the physical submission of quarterly investment returns. Life insurers upload regulatory returns through the BAP module and submit a soft copy by email. This relaxation applies to returns up to 31st March 2021. Life insurers keep physical copies ready for filing by a later date. The authority specifies this date later.
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[Image omitted. See the official document.]
Ref: IRDAI/Life/Cir/MISC/206/08/2020
4th August 2020
To All Life Insurers
Re: Relaxation from Submission of Hard Copy of Regulatory Returns
In the wake of Covid19 Global Pandemic and Work From Home situation prevailing, Life Insurers have represented difficulty in filing hard copy of Quarterly Investment Returns.
On examining the request, the Competent Authority has allowed Life insurers to upload the Regulatory Returns through BAP module without physical filing and submit a soft copy through email to Mr SN Jayasimhan, GM at email id snjayasimhan@irdai.gov.in , for returns up to 31st March 2021. However, the physical copies may be kept ready for filing by a later date to be indicated by the Authority.
[Image omitted. See the official document.]
(V. Jayanth Kumar)
Chief General Manager
Survey No 115/1, Financial District, Nanakramguda, Gachibowli, Hyderabad-500032 Telangana State
