IRDAI issues cyber security standards for Insurance intermediaries including brokers, corporate agents, etc under the Guidelines on Information and Cyber security
Due to the recent Cyber-attacks, Insurance Regulatory and Development Authority of India ( “IRDAI”) has revised the Audit Checklist (Annexure – 1) […]
IRDAI extends Guidelines on Information and Cyber Security to Insurance Intermediaries with immediate effect
The Insurance Regulatory and Development Authority of India ( “IRDAI”) has extended the applicability of Guidelines on Information and Cyber Security (“Guidelines”) […]
IRDAI issues a framework for new appointment or continuation of common director representing insurance agent, insurance intermediary under Insurance Act 1938
The Insurance Regulatory and Development Authority of India ( “IRDAI”) has laid down the following framework for new appointment or continuation of […]
IRDAI launches Single Window NOC portal for insurers
The Insurance Regulatory and Development Authority of India ( “IRDAI”) has launched a Single Window NOC Portal (www.noc.irdai.gov.in) with the intention to […]
Insurers may continue to classify investment in Preference and Equity shares as part of “Approved Investment” subject to such shares paying dividend for two out of three consecutive years; applicable from 1st April, 2022 to 30th September, 20
The Insurance Regulatory Development Authority of India (“IRDAI”) has extended the relaxation offered to insurance companies to continue classifying investments in ‘Preference […]
Insurers (Life, General and Health) directed to publish on their respective websites, the aspects of underwriting philosophy and approach of offering Health Insurance Coverage to Transgender persons
The Insurance Regulatory and Development Authority of India has directed all Insurers (except ECGC and AIC) to disclose underwriting philosophy of offering […]
IRDAI publishes the draft IRDAI (Health Insurance) (Amendment) Regulations, 2022; public comments / suggestion invited till 6th March 2022
With a view to provide operational freedom to both insurers and TPAs while protecting the interests of policyholders, Insurance Regulatory and Development […]
IRDAI reduces the obligatory cession of sum insured on insurance policies to be re-insured with ‘General Insurance Corporation of India’ to 4 % from existing 5%; effective for the financial year beginning from 1st April, 2022 to 31st March, 2
The Insurance Regulatory and Development Authority of India (“IRDAI”) has notified the “Obligatory Cession for the financial year 2022-23” thereby reducing the […]
IRDAI proposes new Guidelines on Remuneration of Non-Executive Directors and MD/CEO/Whole-time Directors of Insurance companies; comments invited by 19th January, 2022
In order to ensure sound remuneration or compensation practices and avoid situations resulting from excessive risk-taking behaviour due to inappropriate compensation structures […]
IRDAI clarifies that health insurance policies will cover the costs of treatments for infections occuring due to Omicron variant of COVID-19
The Insurance Regulatory and Development Authority of India has clarified that all health insurance policies issued by all general and health insurance […]