Submission of information by insurers on monthly basis for the purpose of Index of Service Production
07 August, 2026
1. In order to facilitate the data requirements of Ministry of Statistics and Programme Implementation (MOSPI) in preparation of Index of Service Production (ISP), information on Premium Income, Investment Income and Claims of insurers is required.
2. General and Health Insurers (excluding Reinsurers) are required from July 2026 onwards to submit Gross Direct Premium, Claims Paid (Direct) and Investment Income of Policyholders and Shareholders. Life insurers are required to submit Premium (Gross), Benefits paid (Gross) and Investment Income for Policyholders and Shareholders.
3. The details shall be submitted through the National Informatics Centre (NIC) online data templates created for the purpose.
- Annexure A- Data Template for Life Insurers
- Annexure B- Data Template for General and Health Insurers
The link for the online data templates will be shared separately.
4. The details through the NIC form shall be submitted on or before the 15th day of the month succeeding the reporting month. Insurers are advised to ensure that the information furnished is complete and accurate at the time of submission.
5. This circular is issued under Section 14(2)(h) of IRDA Act, 1999, with the limited purpose of enabling life insurers, General and Health Insurers to meet the data requirements of Index of Service Production (ISP). These requirements do not in any manner, modify the disclosure requirements or the manner of preparation of financial statements as required under the Insurance Act, 1938, IRDA Act,1999 and the Regulations framed thereunder.
IRDAI advised Insurance Companies to settle Insurance claims relating to natural disaster affecting four districts of Assam, viz. Sivasagar, Charaideo, Jorhat and Golaghat on Fast Track.
02 July, 2026
The natural disaster affecting four districts of Assam, viz. Sivasagar, Charaideo, Jorhat and Golaghat have caused widespread loss of lives, property (homes and businesses) and infrastructure. The Sector Regulator IRDAI issued instructions to all Insurers including Life and Standalone Health Insurance Companies to mobilise all resources to ensure immediate service response including engaging the services of Surveyors, Loss Adjustors and Investigators for quick settlement of claims arising out of the losses due to the natural disaster and subsequent heavy rains causing floods.
The insurers have been advised to communicate the nomination of a Senior Executive to the Chief Secretary immediately. Districts reporting large numbers of claims are to be overseen by a designated District Claims Service Head. The insurers will give wide publicity on the contact details of these officers on their websites and also in the media.
Insurers have been advised to respond/assist the claimants through their 24×7 helplines, special claims desks at district level with delegated Claims Settlement Authorities for speedy processing and settlement of claims. Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence.
