{"id":2869,"date":"2022-06-14T12:14:16","date_gmt":"2022-06-14T12:14:16","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=2869"},"modified":"2022-06-14T12:14:17","modified_gmt":"2022-06-14T12:14:17","slug":"rationalization-of-regulatory-returns-and-other-compliance-requirements","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/rationalization-of-regulatory-returns-and-other-compliance-requirements\/","title":{"rendered":"Rationalization of regulatory returns and other compliance requirements"},"content":{"rendered":"\n

Date : 10\/06\/2022<\/p>\n\n\n\n

To,
All Life Insurers<\/strong><\/p>\n\n\n\n

With an objective to enhance ease of doing business and reduce compliance burden, it is decided to rationalize the regulatory returns and other compliance requirements from life insurers as per the following. These directions are issued under Section 14(2) (e) of the Insurance Regulatory and Development Authority Act, 1999.<\/p>\n\n\n\n

  1. 1. The requirement of submission of the following returns is discontinued :<\/li>
    1. 1.1.Fortnightly return containing details of branches fully \/ partially closed \u2013 ref circular dated 23\/03\/2020.<\/li>
    2. <\/li>
    3. 1.2.Monthly statement of grievances related to OTP based consent for proposals \u2013 ref circular dated 12\/11\/2020.<\/li>
    4. <\/li>
    5. 1.3.Monthly Statement of Renewal Premium and Policy Payouts \u2013 ref circular dated 10\/08\/2021.<\/li>
    6. <\/li>
    7. 1.4.Monthly report on sale of Saral Jeevan Bima \u2013 Standard Life Product \u2013 ref email dated 29\/04\/2021.<\/li>
    8. <\/li>
    9. 1.5.Monthly report on sale of Saral Pension- Standard Annuity Product – ref email dated 08\/06\/2021<\/li>
    10. <\/li>
    11. 1.6.Monthly report on NCFE Trainings \u2013 ref email dated 5\/10\/2021<\/li>
    12. <\/li>
    13. 1.7.Monthly NB Premium on Fund Based Products.<\/li>
    14. <\/li>
    15. 1.8.Monthly report of products launched during the period \u2013 ref circular dated 03\/04\/2008.<\/li>
    16. <\/li>
    17. 1.9.Annual Statement of number of agents \/intermediaries trained in ULIPs \u2013 ref circular dated 26\/09\/2019.<\/li>
    18. <\/li>
    19. 1.10. Quarterly Life Operational BAP Return on \u201cNames of MI products on offer\u201d.<\/li>
    20. <\/li><\/ol><\/li><\/ol>\n\n\n\n

      To Read More….
      Click the link below….<\/strong><\/p>\n\n\n\n

      Circular :<\/strong> https:\/\/www.dropbox.com\/s\/990fvnajkdwaxhj\/Rationalization%20of%20regulatory%20returns%20and%20other%20compliance%20requirements.pdf?dl=0<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

      Date : 10\/06\/2022 To,All Life Insurers With an objective to enhance ease of doing business and reduce compliance burden, it is decided to rationalize the regulatory returns and other compliance requirements from life insurers as per the following. These directions are issued under Section 14(2) (e) of the Insurance Regulatory and Development Authority Act, 1999. […]<\/p>\n","protected":false},"author":1,"featured_media":1539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,90],"tags":[91],"class_list":["post-2869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-circulars","category-irda","tag-irda"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=2869"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2869\/revisions"}],"predecessor-version":[{"id":2870,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2869\/revisions\/2870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/1539"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=2869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=2869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=2869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}