All the Insurers
Extension of timeline for review and updation of stewardship policy based on
the Revised Guidelines on Stewardship Code for insurers in India
The Authority had issued Revised Guidelines
on Stewardship Code for Insurers in India vide circular ref:
IRDAI/F&A/GDL/CPM/045/02/2020 dated 7th February, 2020.
All the insurers were advised to review and
update their existing stewardship policy based on the revised guidelines within
three months from the date of issue of the circular, i.e., by 7th
Considering the present lock down stipulations
owing to covid-19, IRDAI has granted extension of timelines to insurers for
furnishing various Regulatory Returns and periodic compliances vide various
circulars issued in this regard. In continuation of the same, it has been decided
to extend the timelines for review and updation of the existing stewardship
policyto be compliant with the above said Circular upto 31st May,
All are advised to note for compliance.