Editorial Insurance Times August 2017
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…
Submission of Actuarial reports for the FY 2016-17 in respect of the registered branch offices of Foreign Reinsurers other than Lloyd’s
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…
Status of Issuance of e-Insurance Policies
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…
Guiding Principles for Pricing of Risk
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…
Editorial Insurance Times July 2017
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…
Clarification on Regulation 6(d)(ii), 6(e)(ii) and 5(f) of the IRDAIs (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations
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…
Information to be submitted as part of the Annual Actuarial Valuation and related reports submission
1. This circular is issued in accordance with the powers vested under Section 14(2) and 14(h) of the IRDA Act, 1999 2. This circular is applicable to all non-life insurers…
Extended Deadline for Deputation Applications to IRDAI
Appointment of Officers on Deputation – Extension of date for receipt of applications till 01-05- 2017 Ref: HR/Deputation/April/2017 Date: 19.04.2017 In continuation to this Office Notification No. HR/ Deputation/April/2017 dated…
Clarification on Fund Value Release for Discontinued ULIP Policies
IRDA/ACTL/CIR/ULIP/174/08/2016 dated 26.08.2016- Revival Option under discontinued Unit Linked Policies Ref No. IRDA/ACT/CIR/ULIP/113/05/2017 Date: 5th May,2017 It has come to the notice of the Authority that few insurers are interpreting…
Compliance Guidelines for Offering Existing Health Insurance Products as CSC Insurance Products
1. Reference is invited to Regulation 13.1 of IRDAI (Insurance Services by Common Service Centers) Regulations, 2015 (hereafter referred as CSC Regulations, 2015) which specifies that every insurer shall develop…