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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
Ref No: IRDAI/Life/CIR/MISC/147/7/2022
Date: 15thJuly,2022
To
All Life Insurers
Re: Repealing of circulars
1. In order to rationalize the circulars issued by the Authority, various circulars applicable to Life insurers are reviewed. The list of circulars attached to this circular as ‘Annexure – A’ stands repealed.
2. This has approval of the competent authority.
CGM (Life)
Encl: Annexure –‘A’3
Annexure A: List of Circulars repealed:
| S. No | Name of the Circular | Reference no | Date of issuance |
| 1 | Referral Arrangement with Banks-Life Insurance | IRDA/Cir./005/ 2003 | 17-Feb-03 |
| 2 | Latest NAVs of Unit Linked Life Insurance Products | IRDA/LIFE/001/2003 | 28-Aug-03 |
| 3 | 64 VC of Insurance Act 1938 -Compliance – Opening of new place of Business | 51/1/F&A/Misc/119/Sept/2005-06 | 26-Sep-05 |
| 4 | Procedure for Opening of Liaison Office in India by an insurance company registered outside India | 30/IRDA/CIR/Lia off/Dec-05 | 07-Dec-05 |
| 5 | In-principle approval for opening of new place of business | 035/IRDA/LIFE/JAN-06 | 20-Jan-06 |
| 6 | Closure/Relocation of places of business | 041/IRDA/BOO/Dec-06 | 28-Dec-06 |
| 7 | Guidelines for opening of representative/ liaison offices overseas by an Indian insurance company registered with the IRDA | IRDA/042/For Office/06-07 | 08-Jan-07 |
| 8 | Building up of database on Places of business/Offices of Insurers | 017/IRDA/CIR/ LIFE/June-07 | 08-Jun-07 |
| 9 | Monthly reporting of places of Business/ Offices of Insurers | 019/IRDA/CIR/ LIFE/June-07 | 04-Jul-07 |
| 10 | Committee on Distribution Channels | IRDA/Life/Dist channel/037/2007-08 | 21-Sep-07 |
| 11 | Incentives to referral partners | 28/IRDA/Life/Referrals/2007-08 | 07-Feb-08 |
| 12 | Grievance Redressal Mechanism | 37/IRDA/GRM-Cir(L)/2009 | 11-Feb-09 |
| 13 | Data on Immediate Annuity Products | 09-Jun-09 | |
| 14 | Guidelines on Health plus Life Combi Products | IRDA/LIFE/GDL/MISC/087/12/ 2009 | 23-Dec-09 |
| 15 | IRDA (Insurance Advertisements and Disclosure) (Amendment) Regulations, 2010 | IRDA/Life/Misc/Cir/125/08/2010 | 05-Aug-10 |
| 16 | Compliance on IRDA (Sharing of Database for distribution of Ins. Products) | IRDA/Life/Cir/Misc/126/08/2010 | 09-Aug-10 |
| 17 | Guidelines on IRDA (Treatment of Discontinued Linked Insurance Policies) Regulations, 2010 | IRDA/Life/Misc/Cir/235/10/2011 | 13-Oct-11 |
| 18 | Submission of Advertisement application through Business Analytics Project | IRDA/LIFE/ADVT/CIR/170/09/ 2014 | 05-Sep-14 |
| 19 | Handling of Complaints/ Grievances from Policyholders | IRDA/Life/Cir/GRV/084/04/2015 | 23-Apr-15 |
| 20 | Extension of date for continuance of existing Micro Insurance Products | IRDA/LIFE/CIR/MIN/225/12/2015 | 23-Dec-15 |
| 21 | Kerala Floods – Life Insurance Claims settlement, Aug 2018 | IRDA/LIFE/Kerala Floods/2018-19 | 17-Aug-18 |
| 22 | Guidelines on settlement of Insurance Claims of victims of recent Floods in Karnataka | IRDA/LIFE/Karnataka Floods/2018-19 | 20-Aug-18 |
| 23 | Guidelines on settlement of Insurance Claims of victims of recent Cyclones | IRDA/LIFE/Andhra Pradesh &Tamilnadu Floods/2018-19 | 28-Dec-18 |
| 24 | Guidelines on Insurance Claims of Victims of Cyclone Fani (May 2019) in the State of Odisha and the neighboring states | IRDA/LIFE/Odisha &Neighbouring states/2019-20 | 07-May-19 |
| 25 | Guidelines on settlement of Life Insurance Claims to the victims of recent Floods in many states | IRDA/LIFE/GDL/MISC/136/08/ 2019 | 14-Aug-19 |
| 26 | Covid-19 Global Pandemic Related Instructions to Life Insurers | IRDAI/Life/Cir/Misc/072/03/2020 | 23-Mar-20 |
| 27 | Global Pandemic Covid 19 related Instructions to Life Insurers | IRDAI/Life/Cir/Misc/078/04/2020 | 04-Apr-20 |
| 28 | Extension of time limit applicable to Public Disclosures on websites | IRDAI/Life/Cir/ Misc/079/04/2020 | 04-Apr-20 |
| 29 | Additional time allowed for filing Quarterly Return – Q4-2019-20 -Regulatory Returns to all insurance intermediaries | IRDAI/Life/Cir/Misc/118/05/2020 | 09-May-20 |
| 30 | Guidelines on settlement of Life Insurance Claims to the victims of recent, Jun 2020 | IRDAI/Life/GDL/Misc/140/06/2020 | 05-Jun-20 |
| 31 | Relaxation from Submission of Hard Copy of Regulatory Returns | IRDAI/Life/Cir/MISC/206/08/2020 | 04-Aug-20 |
| 32 | Guidelines on settlement of Life Insurance Claims to the victims of Heavy rains in 2020 | IRDAI/Life/GDL/Misc/265/11/2020 | 04-Nov-20 |
| 33 | Guidelines on settlement of Life Insurance Claims to the victims of Cyclone, May 2021 | IRDA/Life/GDL/MISC/151/05/2021 | 28-May-21 |
| 34 | Guidelines on settlement of Life Insurance Claims to the victims of Flood in Maharashtra. | IRDA/LIFE/GDL/MISC/222/08/2021 | 06-Aug-21 |
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