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Circulars

Insurance cover for new-borns/infants under Health insurance policies

December 8, 2022 831 Views 0 comment Print

Provision15(c) of guidelines on Standard Individual Health Insurance Product bearing ref: IRDAI/HLT/REG/CIR/001/1/2020 dated 1.1.2020 stands modified wherein 15(c) A.20 Internal Congenital Anomalies stands deleted from the list of diseases under specific waiting period

Upload of Motor Third Party data in IIBI’s portal

December 8, 2022 690 Views 0 comment Print

As per Section 147(2) of the amended Motor Vehicles Act, 1988, the Central Government prescribes premiums for motor third party insurance policies in consultation with the IRDAI.

All about TDS on Salary for Financial Year 2022-23 / Assessment Year 2023-24

December 7, 2022 84159 Views 1 comment Print

DEDUCTION OF TAX AT SOURCE- INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2022-23

Extension of timelines for filing of Health Quarterly Returns to IRDAI

December 6, 2022 1107 Views 0 comment Print

Insurance Regulatory and Development Authority of India Circular Ref No: IRDAI/HLT/CIR/MISC/235/12/2022 Dated- 06th December, 2022 To All Insurers (except ECGC, AIC) and GI Council Re: Extension of timelines for filing of Health Quarterly Returns to the Authority 1. Reference is invited to the circular on Revision of Health Insurance Regulatory Returns vide Circular Ref No. IRDAI/HLT/CIR/MISC/190/9/2022 […]

IRDAI (Appointed Actuary) Regulations, 2022

December 5, 2022 3138 Views 0 comment Print

A. These Regulations may be called Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2022. B. The Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2017 and any amendments made thereafter shall be repealed from the date these Regulations come into force.

Revised Regulatory Framework – Categorization of Urban Co-operative Banks

December 1, 2022 1917 Views 1 comment Print

Given the heterogeneity in the cooperative sector, a tiered regulatory framework is required to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes and those with limited area of operation vis-à-vis the growth ambitions of the large-sized UCBs to spread their area of operation and undertake more complex business activities.

Extension of timeline for implementation of Standardized industry classification by CRAs

December 1, 2022 549 Views 0 comment Print

Representation has been received from CRAs requesting for extension of the date of applicability of the standardized industry classification. In view of representation received from CRAs, it has been decided to extend the date of applicability of the standardized industry classification till December 15, 2022.

Clarification with respect to NDS-OM – Investments – Master Circular

December 1, 2022 846 Views 0 comment Print

IRDAI clarified that All trades reported on NDS-OM platform shall be treated as compliance with the requirements of Para 4.11.3 of the Master Circular.

Inclusion of Equity Exchange Traded Funds as list of eligible securities under Margin Trading Facility

November 30, 2022 393 Views 0 comment Print

SEBI allows units of Equity Exchange Traded Funds (Equity ETFs) categorized as Group-I security as per provisions of SEBI Circular MRD/DoP/SE/Cir-07/2005 dated February 23, 2005 as an eligible security for MTF as well as an eligible collateral under MTF.

Clarification on encashment of National Savings Certificates (IX Issue)

November 30, 2022 2520 Views 0 comment Print

Though NSC IX Issue is a discontinued scheme, NSC IX Issue certificates may be discharged / encashed / closed in any Departmental Post Office, following the procedures prescribed in Chapter 13 of POSB CBS Manual Volume

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