Discontinuation Of Atal Amrit Abhiyan By Government Of Assam
On July 8, 2024, the Government of Assam notified the discontinuation of the Atal Amrit Abhiyan scheme, effective October 31, 2023. Key points include:
Pre-October 31, 2023 Claims: All pre-authorizations and claims raised before this date will be processed for payment as per the scheme’s guidelines.
Post-October 31, 2023 Claims: Claims raised after this date will not be considered for payment.
Important Provisions Of ESI Coming into Force in Manipur
On July 10, 2024, the Ministry of Labour and Employment extended provisions of the Employees State Insurance Act, 1948 (ESI Act) to Bishnupur, Senapati, Ukhrul, Kangpokpi, Churchandpur, and Thoubal districts in Manipur. Key sections implemented include 38-43, 45A-I, 46-73, 74, 75, and 76(2-4), 82-83. This move enhances social security for employees by providing access to medical care, maternity benefits, sickness benefits, and disablement benefits
Adjustment to Gratuity Insurance Deadline in Karnataka: What Employers Need to Know
In a recent amendment to the Karnataka Compulsory Gratuity Insurance Rules, 2024, the state government has modified the time limit for employers to obtain a valid insurance policy.
Expanding Employees’ State Insurance Act, 1948: New Regulations for Municipal Bodies in Punjab
Government of Punjab, under the Department of Health and Family Welfare, issued Notification No. 1/792560/2024, amending the application of the Employees’ State Insurance Act, 1948.
Master Circular on Operations and Allied Matters of Insurers
The Insurance Regulatory and Development Authority of India has strengthened the governance measures on the operations and allied matters of the insurers in the Master Circular issued under part B of the IRDA (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024 repealing 11 circulars.
Master Circular on General Insurance Business repealing thirteen circulars
Provision of easy-to-understand insurance products tailored to meet individual needs of the customers, providing them with ample choices and enhancing their insurance
experience has now been enabled. The shift from rule based to principle-based
regulatory framework facilitates ease of doing business and encourages innovation, enabling reduction in the response time for emerging market needs.
Master Circular on Submission of Returns
Various regulatory returns numbering 60 required to be filed under these regulations/operational guidelines are now collated in one place and are issued as a Master Circular on Submission of Returns. 37 regulations consolidated into 7 regulations and additional 2 new regulations were notified, effective from 1st April 2024.
Master Circular on Life Insurance Products
This Master Circular provides necessary guidance on aspects pertaining to various provisions of the Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024 and applicable to all life insurers, unless otherwise specified.
IFSCA publishes IRDAI Master Circular to reinsurers
This strategic move underscores India’s commitment to creating a robust regulatory framework that not only safeguards domestic interests but also attracts global reinsurance players to invest and operate in mainland India or in the international side of India i.e. GIFT IFSC, under the aegis of International Financial Services Centres Authority (IFSCA).
Optimizing Aadhaar Seeding Efficiency for ESIC Members: A Seamless Process
In recent communications from the Employees’ State Insurance Corporation (ESIC) Benefit Division emphasizing the necessity of Aadhaar seeding for insured persons (IPs), ESIC employees, and pensioners, steps have been taken to facilitate this crucial process.
