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

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

17-Mar-2026 | Press Release

IRDAI has issued a press release on the Transitional arrangements for the issuance of the Certificate of Registration (CoR) and payment of the Annual Fee. Through this press release, the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, came into effect on 05th February 2026 has amended Section 42D of the Insurance Act, 1938, providing that registrations granted to insurance intermediaries will now remain valid continuously, subject to payment of an annual fee, until such registration is suspended or cancelled by the Authority. The earlier system prescribing a three-year validity period for CoR and payment of renewal fees has been discontinued with effect from 05th February 2026. An interim arrangement has been introduced applicable to insurance intermediaries granted fresh registration or renewal of CoR during the period from 5 February 2026 to 30 June 2026. During this period, an interim annual fee will be payable at the time of issuance of the CoR.

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