Public Disclosures by FRBs/Lloyd’s India
Date: 03-06-2022 ToCEOs of all FRBs (including Lloyd’s India) 1. The Authority has received representations on the rationalization of compliance requirements on Public Disclosures of Foreign Reinsurance Branches (FRBs) and…
Product Filing procedure
1. Currently, the filings of General Insurance Products are governed by the Guidelines on ‘Product Filing Procedures for General Insurance products issued vide ref: no. IRDAI/NL/GDL/F&U/030/02/2016 dated 18th February, 2016.’.…
Modifications in definition of Critical Illnesses prescribed in Guidelines on Standardization in Health Insurance
27.5.2022 ToAll Insurers 1. Reference is invited to the Chapter II of Section 1 of Master Circular on Standardization of Health Insurance Products Ref : IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020 prescribing nomenclature…
Revision of Health Insurance Regulatory Returns
23 May 2022 ToAll Insurers (except ECGC, AIC) Sir/Madam, 1. This has reference to the master circular on standardization of health insurance products issued vide ref no. IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020.…
Filing of fire insurance products for Dwellings, Micro and Small Businesses 
Dated : 12th May, 2022 1. The Authority, vide notification F.No.IRDAI/Non-life Insurance/5/171/2020 de-notified erstwhile All India Fire Tariff (AIFT) for certain risks. Further, it was notified that with effect from…
Rationalization of certain compliance requirements
This circular is issued under section 14(2)(e) of the Insurance Regulatory and DevelopmentAuthority Act, 1999. It shall come into force with immediate effect. On preliminary review of the extant compliance…
Extension of timelines for sale and renewal of short term Covid specific health insurance policies
28th March,2022 ToAll Life, General and Stand Alone Health Insurers (Except AIC and ECGC) 1. Reference is invited to the short term Covid specific health insurance policies permitted to be…
Dividend Criteria for Equity Investment under “Approved Investment”
Date : 24th March, 2022 In continuation to circular no: IRDAI/F&I/CIR/INV/255/09/2021 Dt. 27th Sep, 2021 on the subject, the Authority in exercise of its powers conferred under Regulation 14(2) of…
Disclosure of underwriting philosophy of offering Health Insurance Coverage to Transgender persons
7th March, 2022 ToAll Insurers (Except ECGC and AIC) 1. Reference is drawn to the provisions of IRDAI (Health Insurance) Regulations, 2016 in accordance to which every insurer shall evolve…
Holding more than one Certificate of Registration to one group
1. Clause (d) of sub section (9) of Section 2 of Insurance Act, 1938 provides that a “foreign company” engaged in reinsurance business can transact the business of reinsurance through…