IRDAI vide notification dated 15.05.2024 has issued a Master Circular on Expenses of Management, including Commission, of Insurers, 2024. This Master Circular is applicable to life, general and health insurers. This Master Circular shall come into force from the date of issuance.
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.
