Category Archives: IRDA

IRDAI Clarifications on Annual licence fee of Insurance Brokers for 2017-18

By | June 30, 2018

To The Principal Officers, All Insurance Brokers, Ref. No:IRDAI/BRK/MISC/CIR/098/06/2018 Date:27-06-2018 Clarifications on Annual licence fee To The Principal Officers, All Insurance Brokers, Re : Clarifications on a)    Annual licence fee payable by licensed broking entities for the year 2017-18 b)   Renewal Fee payable as per Reg 9 of IRDAI (Insurance Brokers ) Regulations, 2018   1.   The Authority has been receiving… Read More »

Online Surveyor Examinations Sept 2018 : Dates by IRDAI

By | June 30, 2018

Notice Ref: IRDAI/SUR/EXAM/ON/SEPT/2018 Date – 28.06.2018 New Candidates need to register with III and please refer “help manual – surveyor” available on www.insurnaceinstituteofindia.com under HELP DESK MENU for help. Online Surveyor Examinations – Sept. 2018 Important Dates Commencement date of registration :  07th July, 2018 Last date of registration : 16th July, 2018 Book centre,… Read More »

E-Insurance Accounts: 15,21,907 accounts opened as on 15.03.2018

By | March 24, 2018

Ministry of Finance E-Insurance Accounts: 15,21,907 accounts opened as on 15th March 2018 Posted On: 23 MAR 2018 5:32PM by PIB Delhi As per Insurance Regulatory and Development Authority of India (IRDAI), the number of customers who have opened e-insurance accounts as on 15th March 2018 are 15,21,907. However, e-insurance accounts are only for storing insurance… Read More »

Aaadhar Linking Mandatory for Insurance Policies

By | November 10, 2017

Insurance Regulatory and Development Authority of India Ref : IRDAI/SDD/MISC/CIR/248/11/2017 8thNovember. 2017 CIRCULAR To Life and General insurers (including Standalone Health insurers) Sub: The Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017 Central Governmenl vide gazette notification dated lst June 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules,… Read More »

Unclaimed Amounts of Policyholders : IRDAI Master Circular

By | July 26, 2017

Unclaimed Amounts of Policyholders Ref: IRDA/F&A/CIR/Misc/173/07/2017 Date: 25-07-2017 Master Circular: Unclaimed Amounts of Policyholders The Authority has issued various directions regarding the Unclaimed Amounts of Policyholders from time to time. All the earlier directions are now being consolidated and issued in the form of a Master Circular which is attached herewith. The Government of India has brought… Read More »

IRDAI Outsourcing of Activities by Indian Insurers Regulations 2017

By | May 7, 2017

REGD. NO. D. L.-33004/99  THE GAZETTE OF INDIA EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY NEW DELHI, FRIDAY, MAY 5, 2017/VAISAKHA 15, 1939 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 20th April, 2017 Insurance Regulatory and Development Authority of India (Outsourcing of Activities by Indian Insurers) Regulations, 2017 F. No. IR DAI/Reg/5/142/2017.In exercise… Read More »

IRDAI -Revival Option under discontinued Unit Linked Policies

By | May 6, 2017

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Circular Date: 5th May,2017 Ref No. IRDA/ACT/CIR/ULIP/113/05/2017 To, All CEOs of Life Insurance Companies Re: IRDA/ACTL/CIR/ULIP/174/08/2016 dated 26.08.2016- Revival Option under discontinued Unit Linked Policies It has come to the notice of the Authority that few insurers are interpreting the captioned circular in a manner which would delay… Read More »

IRDAI (Insurance Web Aggregators) Regulations 2017

By | May 4, 2017

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 13th April, 2017 Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017 F. No. IRDAI/Reg/4/141/2017.—In exercise of the powers conferred by section 114A of the Insurance Act, 1938 (4 of 1938), as amended from time to time, sections 14 and 26 of the… Read More »

Insurance Ombudsman Rules 2017 – Notified

By | April 29, 2017

Insurance Ombudsman Rules 2017. MINISTRY OF FINANCE (Department of Financial Services) (INSURANCE DIVISION) NOTIFICATION New Delhi, the 25th April, 2017 G.S.R. 413(E).—Whereas, the draft of certain rules namely, the Insurance Ombudsman Rules, 2016, were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) dated the 15th September, 2016 under the notification of… Read More »

Guidelines on insurance e-commerce

By | April 8, 2017

Guidelines on insurance e-commerce 07.04.2017 Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines on insurance e-commerce dated 9th March, 2017. The salient features of the guidelines are given below. IRDAI has informed that the guidelines issued by the Authority enable insurers and insurance intermediaries to set-up Insurance Self-Network Platforms (ISNP) to sell… Read More »