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

Master Circular on General Insurance Business

11-Jun-2024 | IRDAI/NL/MSTCIR/MISC/90/06/2024

The Insurance Regulatory Development Authority of India has issued Master Circular on General Insurance Business in a significant move to streamline and enhance the general insurance sector the general insurance sector, the Insurance Regulatory and Development Authority of India (IRDAI) has issued a Master Circular, consolidating and replacing thirteen existing circulars. The Master Circular shall be reviewed annually unless review or repeal is warranted earlier. The Returns referred to under this circular shall be submitted per the provisions herein and the Master Circular on submission of returns. To remove any doubts or difficulties that may arise in the application or interpretation of any of the provisions of this Master Circular, the Competent Authority may issue appropriate clarifications, as and when deemed necessary. Kindly find the detailed master circular attached to the document below.

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