Insurance Regulations

Consequent to the merger of few PSBs, in order to protect the interests of the group insurance policyholders of the merged banks, the following guidelines are issued. Upon merger of…

Insurance companies are significant institutional investors in listed companies and the investments are held by them as custodians of policyholders’ funds. The state of governance of the investee companies is…

Mr. Thomas Devasia assumed charge as Member (Non-Life) in the Insurance Regulatory & Development Authority of India (IRDAI) on 19 September 2022. He has been with the general insurance industry…

The second proviso of section 48A of the Insurance Act, 1938 provides that “the Authority may permit an agent or intermediary or insurance intermediary to be on the Board of…

Reference is drawn to Point no. 3 on “Applicability” of Guidelines on Information and Cyber Security for Insurers dated 07.04.2017 read as “this guidelines document is applicable to all insurers…

Reference is drawn to para 12 of Annexure – I of D.O.No. 22003/15/2019-14C dated 30th March 2022 (enclosed) issued by Home Secretary, GOI and communication from Department of financial services…

As part of promoting ease of doing business for insurance companies, Insurance Regulatory and Development Authority of India (IRDAI) has been constantly striving to reduce the compliance burden of all…

IRDAI has proposed revising norms for Corporate Insurance Agents by allowing them to sell products for 9 Insurers in Life, General and health Insurance. This move will help to expand…

In order to facilitate open architecture which will enable the prospects and policyholders to have wider access in purchasing insurance and also to enhance the reach of insurance to every…

Insurance Regulatory and Development Authority of India (IRDAI) is constantly driving to increase insurance penetration, ensuring availability of insurance in every nook and corner of the country and also facilitating…