Master Circular on IRDAI (Insurance Products) Regulations 2024 – General Insurance
A. This Master Circular is issued under Section 14 (2) (i) of the IRDA Act 1999 and Section 34 of the Insurance Act, 1938 and Regulation 7 of IRDAI (Insurance…
A. This Master Circular is issued under Section 14 (2) (i) of the IRDA Act 1999 and Section 34 of the Insurance Act, 1938 and Regulation 7 of IRDAI (Insurance…
Background: The issuance of IRDAI (Insurance Product) Regulations, 2024 and the de-notification of erstwhile tariffs, general terms and conditions; policy and endorsement wordings provide a unique opportunity to develop simplified…
The Central Consumer Protection Authority (CCPA) has written to the Reserve Bank of India (RBI) and the insurance regulator, IRDA to look into complaints of failed transactions but money not…
Buying a new health insurance cover has become tough following the mass spread Covid19 in the past few months. Insurance companies were apprehensive to offer a health insurance policy to…
IRDAI/ INT/ MISC/ ORDDJ2/ O1I2O2O 8th January, 2020 Brief facts of the case The Authority received an email sent by Chief Risk & Compliance Officer, Tata AIG General lnsurance Company…
"IRDAI (Reinsurance Advisory Committee) Regulations, 2019" establish guidelines for the creation and operation of the Reinsurance Advisory Committee. This committee is tasked with advising the Insurance Regulatory and Development Authority…
"IRDAI (Fee for Registering Cancellation or Change of Nomination) Regulations, 2015" establishes guidelines for the fees associated with registering the cancellation or change of nomination on life insurance policies. Here’s…
"IRDAI (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016" establishes guidelines for the preparation and submission of actuarial reports and abstracts by life insurance companies operating in India.…
"IRDAI (Acquisition of Surrender & Paid Up Values) Regulations, 2015" outlines the rules and guidelines for the acquisition of surrender and paid-up values for insurance policies issued by insurance companies…
"IRDA (Distribution of Surplus) Regulations, 2002" outlines the framework and guidelines for the distribution of surplus generated by life insurance companies in India. These regulations are crucial for ensuring that…