The Authority Constituted the Committee on Risk Based Capital Approach and Market Consistent Valuation of Liabilities, vide its order Ref No. IRDA/ACT/ORD/MISC/116/06/2016 dated 10/06/2016. The order authorized the committee to examine the changes required in the method of valuation of liabilities following the decision of the Working Group on Implementation of Ind-AS in the insurance sector to value assets at market to market / fair value. The committee has submitted Part-I of its report on the above subject. The report is attached for Public View.
