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Circulars

Import & Export of vaccines in relation to COVID-19 through courier

December 30, 2020 777 Views 0 comment Print

The COVID-19 pandemic has posed unprecedented challenges to Customs and other administrations the world over. Right from the onset of the pandemic, the Board has been taking various measures to keep import-export supply chains operational and ensure that critical goods are released expeditiously by the Customs.

Filing of Half-Yearly PoSP Returns in IIB Portal

December 30, 2020 3279 Views 0 comment Print

Insurers and insurance intermediaries are therefore advised to upload the Half yearly data on POS portal commencing from the financial year 2020-21. The half yearly data upto September shall be uploaded by 31.01.2021 and the data upto 31.03.2021 by 30.04.2021. In future the half yearly data upto 30/09 shall be uploaded on or before 30/10 and data upto 31/3 by 30/4.

Amendments to Guidelines on Information & Cyber Security for Insurers

December 30, 2020 1542 Views 0 comment Print

IRDAI vide its Ref. No: IRDA/IT/GDL/MISC/ 082/04/2017 dated 07-4-2017 had issued Information and Cyber Security Guidelines containing comprehensive cyber security framework for Insurance sector for the purpose of implementing appropriate mechanism to mitigate cyber risks

Relaxations in Point of Sales- Life Insurance Master Circular

December 29, 2020 762 Views 0 comment Print

Insurance Regulatory and Development Authority Ref: IRDAI/Life/Cir/MISC/302/12/2020 29th Dec 2020 This has reference to the Master Circular on Point of Sales Products and Persons — Life Insurance Ref: IRDAI/Life/Cir/M ISC/215/12/2019 dated 2nd December 2019. On consideration of representations received from Life Insurers, the following relaxations/modifications are allowed with immediate effect. Annexure II (a) – Pure […]

IRDAI Guidelines on Standard Travel Insurance Policy

December 29, 2020 4854 Views 0 comment Print

In order to make available a standard travel insurance product with common coverage and policy wordings across the industry, an exposure draft on Guidelines on Standard travel insurance policy along with Standard terms & conditions (Annexure -1), Customer Information Sheet (Annexure- 2) and Use and File format (Annexure-3) is issued and attached herewith.

Online exit process for NPS subscribers associated with POPs

December 28, 2020 1002 Views 0 comment Print

PFRDA offers NPS Subscribers comprehensive and digitally enabled solutions for their diverse needs viz. on-boarding, servicing, exit and facilitating issuance of annuity as per their choice, through its registered intermediaries and empanelled Annuity Service Providers (ASPs).

Disclosure of benefit/premium illustration for Health insurance policies issued on floater basis

December 28, 2020 1095 Views 0 comment Print

Reference is drawn to clause 5 of Chapter-II of Consolidated Guidelines on Product filing in Health Insurance Business stipulating mandatory disclosures in the prospectus of health insurance products and to clause 6 specifying Customer Information Sheet.

IRDAI revises Panel of Actuaries For Life Insurance Segment

December 28, 2020 741 Views 0 comment Print

1.  This is further to the Authority’s Cir No. IRDA/ACT/CIR/MISC/283/11/2020 dated 17.11.2020 on Panel of Actuaries. 2. Subsequent to the information received from Mr. A V Ramanan under Para- 11 of Cir No. IRDA/ACT/CIR/MISC/228/08/2020 dated 31.08.2020, the Panel of Actuaries is revised as under:

GST Circular on IBC Code & provisions relevant to CTD

December 28, 2020 3174 Views 0 comment Print

Firstly, it is to be noted that currently, only companies and LLPs (collectively referred to as the ‘Corporate Debtor’ or ‘CDR’) can be subject to the provisions of the IBC. Thus, partnership firms, proprietary concerns, individuals etc. do not fall under IBC as on date and thus such persons will not be governed by the provisions of the Code.

Filing of reporting to Stock Exchanges for violations of Insider Trading Regulations, relating to Code of Conduct

December 23, 2020 5379 Views 0 comment Print

In order to ease the filing of Reporting for violations of Code of Conduct (CoC), the Exchange has now provided a facility in the Listing Centre for filing by the listed companies. The path for this filing in the BSE Listing Centre is as follows:

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