Circular on filing of Products/Riders for Life Insurance Business
04.10.2022 ToCEOs/Principal Officers of all Life Insurers A. Objective: i. The “File and Use (F&U) Procedure- Life Insurance Products” was initially notified on 12.12.2001. Various circulars/guidelines pertaining to filing of…
Revision of Health Insurance Regulatory Returns
13th September, 2022 In supersession of Chapter V of Section – I of Master Circular on standardization of health insurance products issued vide Ref no. IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020 and Circular…
Clarification on Circular on Appointment or Continuation of Common Director
13.09.2022 To 1. The Chairman/CEOs of all insurance companies; and 2. All Insurance agents, Intermediaries and insurance intermediaries The Authority issued the Circular IRDAI/F&I/CIR/MISC/183/9/2022 dated 2nd September, 2022 wherein the…
Use and File Procedure for Retail Products for Agriculture & Allied Activities
Dated 14/07/2022 1. This is further Circular Ref: IRDAI/NL/CIR/MISC/107/06/2022 dated 01/06/2022 with regard to Product Filing Procedure. 2. In order to facilitate the insurance industry to promote insurance penetration and…
Constitution of Task force to study and make recommendations on issues faced by Life Insurers and Reinsurers
7th July, 2022 Insurance Regulatory and Development Authority of India (IRDAI) has been taking steps to increase insurance penetration in India and has launched various initiatives with the broad objective…
General insurers urge IRDAI for mandatory KYC of customers 
At present, sharing KCY details is voluntary while purchasing a general insurance product. Non-life insurers have requested the insurance regulator IRDAI to permit verifying the contact details of policyholders. This…
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…