Category Archives: IRDA

IRDA modified Guidelines on Pont of Sales Person – Non-Life and Health

By | March 17, 2017

IRDA Modifies Guidelines on Point of Sales Person: Non-Life & Health INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Parisharam Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004. India. Ph.: 91-040-2338 1100, Fax: 91-040-6682 3334 E-mail : irda@irda.gov.in Web.: www.irda.gov.in Ref: IRDA/INT/GDL/PSP/058/031 2017 16th March, 2017 To all General and Health Insurers Reference is drawn to Guidelines on… Read More »

IRDA Guidelines on Claim processing for Group Insurance Policies

By | March 6, 2017

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA CIRCULAR To all Life Insurers Ref: IRDAI/Life/Cir/GDL/049/3/2017 Date: 03-03-2017 Guidelines on Claim processing for Group Insurance Policies – Addition of new Categories of Master Policyholders The Authority issued Guidelines on Claim Processing for Group Life Insurance Policies under Lender Borrower Schemes vide cir ref: IRDA/Life/Cir/GDL/285/12/2014 dated 29/12/2014 which… Read More »

Stewardship Code for Insurers in India 2017 -Exposure Draft

By | January 21, 2017

Ref: 309/3/FandA/2016-17 Date: 19-01-2017 Exposure Draft Stewardship Code for Insurers in India The growth in the Insurance Industry in recent years has resulted in a significant increase in the Funds of insurance companies. They are also significant investors in the securities markets and act as investors on behalf of the policyholders. There is increased emphasis… Read More »

Insurers can’t accept Old Notes of Rs 500/1,000 note towards premium

By | November 30, 2016

Ref:IRDA/ACTL/CIR/MISC/238/11/2016 Date:29-11-2016 Clarification on “Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization To All the CEOs of the Life Insurance Companies   Re: Clarification on “Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization” Reference is… Read More »

Extended grace period for payment of life insurance policies renewal premium

By | November 30, 2016

Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization Ref:IRDA/ACTL/CIR/ULIP/236/11/2016 Date:25-11-2016 To All the CEOs of the Life Insurance Companies   Re: Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization We are in receipt of a… Read More »

Book on Insurance Law and Practice

By | September 17, 2016

Insurance Law and Practice (English)  (Hardcover, Dr. C.L. Tyagi, Dr. (Mrs.) Madhu Tyagi) BUY The book is primarily prescribed for B.com, BBA and MBA students offering Insurance as a major or minor subject. The book covers new topics like creditability theory, back dating, insurance frauds and is comprehensive. Those offering insurance as a professional may find… Read More »

IRDAI (Investment) Regulations 2016

By | August 31, 2016

IRDAI (INVESTMENT) REGULATIONS, 2016 NOTIFICATION F.NO.IRDAI/REG/22/134/2016, DATED 1-8-2016 In exercise of the powers conferred by clause (i) sub-section (2) of Section 114A read with Sections 27, 27A, 27B, 27C, 27D and 28 of the Insurance Act, 1938 (4 of 1938), the Authority, in consultation with the Insurance Advisory Committee, hereby makes the following Regulations. Short… Read More »