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SEBI Code of Conduct & Institutional mechanism for prevention of Fraud or Market Abuse

March 3, 2021 1245 Views 0 comment Print

Pursuant to the report of the Committee on Fair Market Conduct (‘Committee’), set up inter-alia to recommend appropriate Institutional Mechanism to ensure accountability of the management / designated persons in case of negligence / failure, necessary changes have been carried out in SEBI (Prohibition of Insider Trading) Regulations, 2015 (herein after referred as ‘PIT Regulations’).

Facilitation by Insurers for COVID-19 vaccination for policyholders

March 3, 2021 1014 Views 0 comment Print

Guidelines have been issued by Ministry of Health and Family Welfare MoH&FW ) for vaccination of eligible citizens. Vaccination is provided free of cost at Government Health Facilities. Vaccination is also available in designated Private Health Facilities, at a rate as specified by the Government of India.

IRDAI release formats for collection of Rural Insurance data

March 2, 2021 615 Views 0 comment Print

In order to monitor the performance of Rural Insurance Business and support the development of policy and regulation for promoting rural insurance business, it is necessary to analyses data pertaining to Rural Insurance. It has therefore been decided to collect data as follows:

Health insurance policy Information to be given to policyholders

March 1, 2021 1332 Views 0 comment Print

While the policy document is forwarded with relevant information, in order to continue the relationship with policyholders and to ensure information flow, it is considered. important to periodically notify the policyholders. pertain relevant and key details relating to health insurance coverage available to the policyholders.

Advisory on Covid Vaccination In R/O Echs Beneficiaries

March 1, 2021 1485 Views 0 comment Print

Tele: 25683476 Central Organisation ECHS Integrated HQ of MoD (Army) Adjutant General’s Branch Thimayya Marg Near Gopinath Circle Delhi Cantt-110010 01 Mar 2021 B/49762/AG/ECHS/2021 IHQ of MoD (Navy)/Dir ECHS (N) Air HQ (VB)/DPS HQ Southern Command (A/ECHS) HQ Eastern Command (A/ECHS) HQ Western Command (A/ECHS) HQ Central Command (A/ECHS) HQ Northern Command (A/ECHS) HQ South […]

SEBI extends facility to conduct meetings of REITs & InvITs unitholders through VC or OAVM

February 26, 2021 894 Views 0 comment Print

It has been decided to extend the facility to conduct meetings of unitholders, through VC or OAVM for REITs/InvITs, as under: a. Annual meetings of unitholders in terms of Regulation 22(3) of SEBI (Real Estate Investment Trusts) Regulations, 2014 and Regulation 22(3)(a) of SEBI (Infrastructure Investment Trusts) Regulations, 2014, (which becomes due in the calendar year 2021) to be conducted till December 31, 2021.

SOP for physical of cases before NCLT

February 26, 2021 1368 Views 0 comment Print

NCLT issues present Standard Operating Procedure (SOP) for physical hearing, as well as continuation of virtual hearing as per order dated 23.2.20201 which shall come into force w.e.f. 1.3.2021. The SOP is applicable to all NCLT Benches.

Guidelines on Standard Personal Accident Insurance Product

February 25, 2021 3570 Views 1 comment Print

The insurance market is having a wide variety of personal accident insurance products. Each product has unique features and the insuring public may find it a challenge to choose an appropriate product. Therefore, with the objective of having a standard product with common coverage and policy wordings across the industry, the Authority has decided to mandate all general and health insurers to offer the standard personal accident insurance product.

Prudent management of financial resources of insurers in context of Covid-19

February 25, 2021 954 Views 0 comment Print

The Authority has been assessing the economic position both at global level and at the Indian context, in general and the insurance sector in particular. The situation has been assessed based on the financial results of insurers for the quarters ending 30th September, 2020 and 31st December 2020.

Exemption from LEF to Exposures to foreign sovereigns

February 24, 2021 1059 Views 0 comment Print

Exposures that are exempt from Large Exposures Framework (LEF) – Exposures to foreign sovereigns or their central banks that are: i. subject to a 0% risk weight under Table 2 of paragraph 5.3.1 of the Master Circular – Basel III Capital Regulations dated July 1, 2015, as modified vide circular dated October 8, 2015; and, ii. denominated in the domestic currency of that sovereign and met out of resources of the same currency.

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