IRDAI has decided to dispense with the requirement of submission of 16 returns by Non-Life Insurers

The Insurance Regulatory and Development Authority of India vide Circular dated 28-04-2022 has decided to dispense with the requirement of submission of 16 returns by Non-Life Insurers. Insurers are not required to submit Offline Form 1 to X and Monthly Business Figures in physical form. However, Insurers shall ensure that they submit Non-Life Operational Returns in BAP as per the periodicity and time-limits prescribed.

RECENT UPDATES