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Industry Specific - Insurance Central Insurance Regulatory Development Authority Insurance Act, 1938

IRDAI issues Transitional arrangements for payment of Annual Fee and issuance of Certificate of Registration

16-Mar-2026 | IRDAI/INT/CIR/MISC/41/3/2026

IRDAI has issued a circular on the Transitional arrangements for the payment of the Annual Fee and issuance of the Certificate of Registration (CoR) pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025. Key Highlights: 1. This circular applies to insurance intermediaries as specified in the document. 2. The insurance intermediaries granted fresh registration or renewal of CoR during the period 5th February 2026 to 30th June 2026 shall pay the interim annual fee at the time of issuance of the CoR. The interim annual fee applicable for the transitional period is specified in Annexure I of the document. 3. With effect from 5% February 2026, the earlier framework providing for three year validity of the COR and payment of the renewal fee stands discontinued. Kindly refer to the attached document for more information.

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