Clarifications to IRDAI licensed entity (Regulated Entity/ies), sending a commercial communication to its existing or prospective customers
Regulated Entities who wishes to send commercial communication to its existing or prospective customers shall get themselves registered with any of the Telecom Service Providers.
Master Circular on Health Insurance Business
Insurers are mandated to offer products in accordance with relevant provisions of the major healthcare Laws.
Ayush Treatments Now Covered by Insurance
Experts propose a “flat rate” model considering longer treatment stays in Ayush compared to allopathic medicine. Additionally, categorizing treatments based on disease severity and patient health can optimize coverage. The Ministry of Ayush has formed a Core Group of Experts on Insurance to advise on insurance-related matters and create a white paper on the subject.
IRDAI Master Circular on Expenses of Management, including Commission, of Insurers
The return of expenses of management and specified documents duly adopted by the Board along with the certified true copy of minutes of the meetings wherein the committee(s) and/or Board of the insurer has approved these documents, shall be filed with the Authority along with annual financial statements.
IRDAI Master Circular on Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers, 2024
This Master Circular shall be applicable to all Insurers (excluding Foreign Reinsurer’s Branches) and applicants seeking registration to carry on insurance business.
IRDAI Master Circular on Actuarial, Finance and Investment Functions of Insurers
This Master Circular shall be reviewed every year unless review or repeal is warranted earlier. The Returns and Reports referred under this circular shall be submitted as per the provisions of the master circular on submission of returns.
IRDAI Press Release on Bima Vitarak Manthan
It was highlighted that the readiness of distribution channels to embrace technology could bring about explosion in the distribution space which can result in reduction of distribution costs benefiting the policyholders. Detailed discussions were held on leveraging proposed insurance e-marketplace – Bima Sugam in taking the insurance to the last mile.
Insurance Regulatory and Development Authority of India (Rural, Social Sector and Motor Third Party Obligations) Regulations, 2024
The objective of the regulation is to specify minimum rural and social sector business that the insurers are required to underwrite under section 32B and 32C of the Insurance Act, 1938 and minimum third party motor insurance business that the insurer carrying on general insurance business is required to underwrite under section 32D of the Insurance Act, 1938.
Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024
These regulations are applicable to all insurers including those engaged exclusively in reinsurance business, unless otherwise specified. These regulations shall be reviewed once in every three years from the date of its publication, unless the review or repeal or amendment is warranted earlier.
Insurance Regulatory and Development Authority of India (Bima Sugam – Insurance Electronic Marketplace) Regulations, 2024
These Regulations specify the regulatory framework for establishment, governance and functioning of the Bima Sugam – Insurance Electronic Marketplace, the Company formed for this purpose and for matters connected therewith and incidental thereto.
