1. The Authority is in receipt of queries from insurance companies on the remuneration, reward and outsourcing charges payable to an Insurance Web Aggregator. 2. Attention is drawn to regulation…
1. Further to order ref: IRDA/ ACT/ ORD/ MISC/ 220/ 09/ 2017 dated 20 September, 2017, the Competent Authority has revised the Terms of Reference of the Steering Committee for…
1. Insurers maintain separate current accounts with banks at different operational levels, i.e., Branch offices, Controlling offices, Corporate offices, etc., for the purpose of premium collection, management expenses, policy payments,…
1. Insurers maintain separate current accounts with banks at different operational levels, i.e., Branch offices, Controlling offices, Corporate offices, etc., for the purpose of premium collection, management expenses, policy payments,…
1. The Authority (IRDAI) had issued circulars ref: IRDA/F&I/CIR/F&A/012/01/2010 dt. 28.01.2010 and IRDA/F&I/CIR/PBDIS/105/05/2011 dt. 27.5.2011 on “Public Disclosures by Insurers”. Guidelines on Periodic Disclosures were also issued by the Authority…
Insurance regulator Irdai on Wednesday said insurers can maintain current accounts in an appropriate number of banks for premium collection and policy payments for the convenience of policyholders and ease…
Appointed Actuaries play a pivotal role in functioning of an insurance company. Procedure for appointment of an Appointed Actuary in an insurance company, his/her duties, obligations, powers etc. are prescribed…
1. The Authority (IRDAI) had issued circulars ref: IRDA/F&I/CIR/F&A/012/01/2010 dt. 28.01.2010 and IRDA/F&I/CIR/PBDIS/105/05/2011 dt. 27.5.2011 on “Public Disclosures by Insurers”. Guidelines on Periodic Disclosures were also issued by the Authority…
1. Reference is invited to the short term Covid specific health insurance policies permitted to be offered by all Insurers. 2. In partial modification of Clause 2 of Circular ref.no:…
1. Reference is drawn to the Circulars Ref No: IRDAI/HLT/REG/CIR/235/09/20 dated 10th September,2020 and Ref No: IRDAI/HLT/REG/ CIR/062/03/2021 dated 24th March, 2021 on (a) Issuance of Electronic policies and (b)…