A Comprehensive Framework for Policyholder Rights and Transparent Claims Process The Insurance Regulatory and Development Authority of India (IRDAI) has recently released a master circular to strengthen the protection of…
It may be recalled that the creation of the database started with the issuance of Point of Sales person guidelines. The purpose was to check deduplication of POS enrolled by…
1. The Authority, in order to prepare the insurance industry for Implementation of Ind AS and to provide suitable guidelines wherever required, had constituted an Implementation Group vide Order reference…
As you are aware that the Authority has notified the IRDAI (Issuance of e-Insurance Policies) Regulations, 2016 dated 13thJune, 2016. In order to seek the status of compliance to the…
GIC Re has proposed a dividend of Rs. 1002 crs for 2016- 17, a 17% increase off the previous year. GIC Re global premium grew 82% to 33585 crs. The…
The circular is issued in accordance with the powers vested under Section 14(2) (e) and 14(2) (h) of the IRDA Act, 1999. The Authority is in receipt of queries from…
As you are aware that the Authority has notified the IRDAI (Issuance of e-Insurance Policies) Regulations, 2016 dated 13thJune, 2016. In order to seek the status of compliance to the…
Insurance Regulatory and Development Authority of India (hereinafter referred as the Authority) vide Circular No: IRDA/PRO/MISC/246/11/2014 dated 12th November, 2014 had advised all General Insurers to put in place an…
IRDAI for the first time since it came into being took a strong decision by appointing an administrator to take over the charge of Sahara Life for its mismanagement. Insurers…
Attention is drawn to Reg 6(d)(ii) and 6(e)(ii) of IRDAI's (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations, 2016. The Authority has received representation from…