IRDA Notification: Insurance sector has entered into sixth year of effective AML/CFT regime. In this context, extant AML/CFT guidelines to the insurance sector are being reviewed to assess the need…
Reference is invited to the captioned circular issued by the Authority. The Authority is in receipt of representations from the Industry seeking revisiting of certain provisions of the said circular.…
With reference to the captioned guidelines the following clarifications are issued for compliance by all insurers.
IRDA Circular : Though the Indian insurance industry has been in existence for over 125 years, the pace of standardization and integration has picked up speed with the liberalization of…
The IRDA, vide circular dated February 10, 2011, had issued guidelines on portability of health insurance policies which was to be introduced from 1st July 2011. Subsequently, on 24th June…
 S. No No of years of continuous insurance cover with previous insurer (s) Waiting period to be served with new insurer in number of days/years YY Days 1 Year…
To enable effective monitoring of Policyholder protection Regulations and Grievance Guidelines and Turn around times thereby mandated, as well as to create a central repository of industry-wide insurance grievances’ data,…
Further to the guidelines on distance marketing of insurance products issued vide circular no. IRDA/Admn/GDL/Misc/059/04/2011 on 5.4.2011 and with reference to the provision 8 (ii) thereunder, the syllabus for pre-recruitment…
The Authority vide its Circular No. 063/IRDA/F&A/Mar-07 dated March 29, 2007 on “Solvency margin in respect of Motor TP Pool†has defined the term “Gross†in respect of Motor Pool…
The Authority after notification of IRDA (Investment) (4th Amendment) Regulations, 2008 and after mandating the minimum requirements in respect of Investment Risk Management Systems & Process and Internal / Concurrent…