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All life insurers submit data to the Insurance Information Bureau only on a yearly basis. This circular modifies the previous mandate that required submission at a half yearly frequency. The authority changes the frequency after it reviews representations about difficulties with the six month schedule.
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Circular
IRDA/LIFE/CIR/MISC/228/11/2016
16th November, 2016
To,
All Life Insurers
Sub: Submission of Life Insurance Data to IIB.
A reference is drawn to the circular ref: IRDA/SDD/MISC/228/11/2014, dt.19/11/2014 on the above subject which mandated submission of data to IIB at half yearly frequency. The same has been reviewed based on representation received with regard to difficulties experienced in submission of data every six months.
Therefore, in partial modification to the circular, all the life insurers are hereby directed to submit data to IIB only on yearly basis and not on half yearly basis as stated in the above mentioned circular.
[Image omitted. See the official document.]
Member (Life)
परिष्रम भवन, तीसरा तल, बशीरबाग, हैदराबाद-500 004. भारत © : 91-040-2338 1100, फैक्स: 91-040-6682 3334 ई-मेल: irda@irda.gov.in वेब: www.irda.gov.in
Parisharam Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004. India. Ph.: 91-040-2338 1100, Fax: 91-040-6682 3334 E-mail: irda@irda.gov.in Web.: www.irda.gov.in
