Misuse of Total Loss Accident Vehicle Documents over Stolen Vehicles
It has come to the notice of Authority that in case of Total Loss (TL) of the vehicle, salvage of the vehicle is being sold to scrap dealers without cancelling…
Fake website irdaionline.org available on internet
PUBLIC NOTICE It has been brought to the notice of the Authority that a website using domain name- www.irdaionline.org is selling insurance to the general public. This domain name is…
Working Group to examine and recommend linking of motor insurance premium with traffic violations
1. The Government of India is focusing on Intelligent Traffic Management System in the Metropolitan and Smart Cities. In view of this, the Automated Traffic Enforcement and violations of Motor…
Guidelines on settlement of Life Insurance Claims to the victims of recent Floods in many states
As a result of the heavy rains and floods, there are reports of loss of human lives and loss of belongings in many states such as Karnataka, Kerala, Maharashtra, Gujarat.…
Guidelines on Insurance Claims of victims of recent floods (August 2019) in parts of Karnataka
1. As you are aware, the recent floods have caused immense loss to property in the state of Karnataka. There is an urgent need for the insurance industry to take…
Withdrawal of Instructions issued on reporting of payouts to Insurance Agents and Insurance Intermediaries
The Authority vide the below mentioned circulars have mandated the reporting of payouts made to Insurance Agents and Insurance Intermediaries: - (i) Circular Ref. No. IRDA/F&I/CIR/F&A/008/01/2010 dated 21st January, 2010;…
Preparation of Financial Statements by Life Insurers
In order to bring further uniformity, comparability and fair presentation of financial position in the Financial Statements filed by the insurers, the Authority, in exercise of the powers under Section…
Circular on Travel Insurance Products and operational matters
All Insurance Policies issued towards domestic and overseas travel coverage shall comply with the following norms: 1. Premium shall not be received more than 90 days in advance to the…
Information and Cyber Security related Audits and Services for IRDAI
This has reference to the e-Tender published on www.eprocure.gov.in for Information and Cyber Security related Audits and Services for IRDAI (RFP No. IRDAI/IT/18-19/12) dated 9th Nov, 2018 and subsequent technical…
Extension of time/withdrawal of existing products
We refer to clause 2.4 of IRDAI/ACT/CIR/MISC/125/07/2019 Dt 26/7/2019 and clause 1 of IRDAI/LIFE/CIR/MISC/173/09/2019 Dt 26/09/2019 on the implementation of IRDAI (Non-Linked Insurance Products) Regulations, 2019 and IRDAI (Unit Linked…