Amendment to IRDAI e-Insurance Policies Regulations Introduces OTP Validation
In exercise of the powers conferred by section 14(2) read with clause (gb) of sub-section 2 of section 114A of the Insurance Act, 1938, and sub-section (1) of section 26…
Clarification to Guidelines on Standardization in Health Insurance
Reference is invited to Clause (a) of Chapter IV (Standards and benchmarks for hospitals in the provider network) of circular no. IRDA/HLT/REG/CIR/146/07/2016 dated 29.07.2016 specifying norms for registration of Network…
Online System for Obtaining Prior Approval and Intimation Regarding Governance Issues of Broking Companies
As part of automation of various activities of IRDAI, a web based system is now available for obtaining prior approval and intimation regarding governance issues of Insurance Broking Companies at…
Editorial Insurance Times March 2017
January to March every year is quite busy for all insurers, particularly life insurers. The sale of life insurance policies is at peak during this period. This indicates that people…
IRDAI Amends Regulations on Branch Offices of Foreign Reinsurers Excluding Lloyd’s
In exercise of the powers conferred by section 3 read with 114A of the Insurance Act, 1938, and section 14 read with 26 of the Insurance Regulatory and Development Authority…
IRDAI Issues Regulations on Payment of Commission, Remuneration, and Rewards to Insurance Agents and Intermediaries
These regulations shall include payment of commission or remuneration or reward, to insurance agents and insurance intermediaries as defined in the Insurance Act, 1938, IRDA Act, 1999 and Regulations issued…
Operational guidelines for Foreign Reinsurers’ Branches
Arising out of the queries received from the representatives of the proposed Foreign Reinsurers' Branches on certain aspects relating to the functioning of these offices, the following guidelines/ clarifications are…
IRDAI Forms Committee to Set Reinsurance Order of Preference
It is necessary to have clear-cut guidelines for the smooth implementation and operation of order of preference as specified in Regulation 28 (9) of IRDAI (Registration and operations of Branch…
IRDAI Master Circular on Operations and Allied Matters of Insurers
Introduction The Master Circular on Operations and Allied Matters of Insurers, issued by the Insurance Regulatory and Development Authority of India (IRDAI) on June 19, 2024, aims to consolidate various…
Filing of Returns for Foreign to Foreign Reinsurance Transactions
It has been brought to the notice of the Authority that Reinsurance/ Composite brokers undertake reinsurance transactions between entities that are domiciled in foreign jurisdictions. The Authority is of the…