Home >> What's New
Visitors count:2181
 What's New
Zoom OutDefaultZoom In
Print Print Document        
Press Release
Ref. No: Date:13-09-2022
Rationalization of Health Insurance Business Returns

Insurance Regulatory and Development Authority of India

Press Release

13.09.2022

 

Rationalization of Health Insurance Business Returns

 

 

As part of promoting ease of doing business for insurance companies, Insurance Regulatory and Development Authority of India (IRDAI) has been constantly striving to reduce the compliance burden of all the regulated entities. Towards this endeavour, the health insurance returns being filed by the insurance companies have been significantly reduced. Now, the General and Health Insurers will have to file 8 returns and Life Insurers will be filing 3 returns in place of 17 returns being filed currently. This step will further help insurers in focusing on their business rather than a plethora of compliances and in turn help in increasing the insurance penetration in country.

These revised reporting norms will be applicable with immediate effect.

 

*****

 

 

Insurance Regulatory and Development Authority of India. All Right Reserved.