IRDAI circular IRDAI/INT/CIR/MISC/104/7/2024 · 18 Jul 2024
Summary
Check the official recordThe Insurance Regulatory and Development Authority of India has repealed its circular dated August 29, 2018, concerning the payment of commission, remuneration, rewards, and distribution fees for long-term motor insurance policies. This decision follows the notification of the IRDAI (Expenses of Management, including commission, of insurers) Regulations, 2024, which rendered the previous circular redundant. The repeal is effective immediately upon the issuance of this notification.
Key dates
Who is affected

भारतीय बीमा विनियामक और विकास प्राधिकरण INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
संदर्भ सं.: आईआरडीएआई/आईएनटी/सीआईआर/विविध/104/7/2024 दिनांक: 18 जुलाई, 2024 Ref No: IRDAI/INT/CIR/MISC/104/7/2024 Date: 18th July, 2024
प्रति / To,
सभी बीमाकर्ता, बीमा मध्यवर्ती, बीमा एजेंट All Insurers, Insurance Intermediaries, Insurance Agents
विषय: परिपत्र आईआरडीए/आईएनटी/सीआईआर/सीओएम/139/08/2018 दिनांकित 29/08/2018 का निरसन।
Re: Repealing of Circular IRDA/INT/CIR/Comm/139/08/2018 dated 29/08/2018
Consequent to the notification of IRDAI (Expenses of Management, including commission, of insurers) Regulations, 2024, the circular on ‘Payment of Commission, remuneration, rewards and distribution fees under Long Term Motor Insurance Policies’ Circular No. IRDA/INT/CIR/Comm/139/08/2018 dated 29th August, 2018 has become redundant. Hence, the mentioned circular stands repealed.
This has approval of the competent authority.
(जे अनीता / J ANITA) मुख्य महाप्रबंधक (मध्यवर्ती) / CGM (INTERMEDIARIES)
सर्वे नं. 115/1, फाइनेंशियल डिस्ट्रिक्ट, नानकरामगुडा, हैदराबाद-500 032, भारत | Survey No. 115/1, Financial District, Nanakramguda, Hyderabad-500 032, India दूरभाष: +91-40-20204000 वेबसाइट: www.irdai.gov.in | Tel: +91-40-20204000 Website: www.irdai.gov.in