Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024
These Regulations shall be applicable to all insurers except foreign company engaged in re-insurance business through a branch established in India.
Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024
These regulations shall be applicable to insurers who have been granted certificate of registration to transact the business of life insurance or general insurance or health insurance in India, as applicable. 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 (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024
These regulations shall be applicable to all insurers and distribution channels except for those engaged exclusively in reinsurance business, unless otherwise specified.
Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024
The regulations intend to promote orderly growth of the reinsurance market in India, to strengthen and harmonize the current legal and regulatory framework in relation to the various aspects governing entities engaged or intending to engage in reinsurance operations in India.
Insurance Regulatory and Development Authority of India (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024
To promote growth of insurance sector by simplifying the process of registration of insurer, transfer of shareholding, other forms of capital, amalgamation of insurers, listing of shares of insurers on stock exchange and to promote ease of doing business.
Insurers to keep their branches open as per normal working hours on March, 30, 2024 and March, 31, 2024
IRDAI vide Press Release dated 28.03.2024 has advised insurers to keep their branches open as per normal working hours on March, 30, 2024 and March, 31, 2024 in order to avoid any hardship to the policyholders.
Insurance Regulatory and Development Authority of India (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024
The regulation seeks to promote growth of insurance sector by simplifying the process of registration of insurer, transfer of shareholding, other forms of capital, amalgamation of insurers, listing of shares of insurers on stock exchange and to promote ease of doing business.
Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024
The regulation is issued to promote orderly growth of the reinsurance market in India, to strengthen and harmonize the current legal and regulatory framework in relation to the various aspects governing entities engaged or intending to engage in reinsurance operations in India.
IRDAI Press Note on Regulatory Revamp
The meeting, convened at the IRDAI Head Office in Hyderabad, saw the approval of eight principle-based consolidated regulations, aimed at streamlining and enhancing various aspects of the insurance industry. This regulatory overhaul is not only geared towards safeguarding the interests of policyholders but also towards promoting a conducive environment for insurers to thrive and innovate.
New Circular Released on Insurance Products for Solar Power Plants
the Ministry has received an updated roster of insurers from IRDAI. Consequently, MNRE has issued an updated list of insurers offering insurance products against risks associated with solar power plants. This step aims to inform all stakeholders about the available insurance options for solar power plants, fostering better risk management in the sector.
