Filing of Half-Yearly PoSP Returns in IIB Portal

Insurance Regulatory and Development Authority of India

Circular

Ref. No: IRDA/INT/CIR/PSP/307/2020

Date: 30-12-2020

Filing of Half-Yearly PoSP Returns in IIB Portal

To

All CEOs of Life, General, Health Insurers

&

POs of Insurance Intermediaries

Re: Filing of Half-Yearly PoSP Returns in IIB Portal.

1. This has reference to guidelines issued by the Authority on Point of Sales Person (POS) vide its Circular Nos. IRDA/Int/GDL/ORD/183/10/2015 dt. 26.10.2016, IRDA/LIFE/GDL/GLD/222/11/2016 dt. 07.11.2016 No. IRDAI/INT/CIR/PSP/130/06/2017 dt. 05.06.2017 and No. IRDAI/LIFE/CIR/MISC/215/12/2019 DT. 02.12.2019 wherein the sponsoring entities have been advised to submit data pertaining to Point of Sales to the Authority.

2. In order to streamline the process of the submission and generate MIS reports a provision has been made at https://pos.iib.gov.in portal to upload the half yearly data.

3. Insurers and insurance intermediaries are therefore advised to upload the Half yearly data on POS portal commencing from the financial year 2020-21. The half yearly data upto September shall be uploaded by 31.01.2021 and the data upto 31.03.2021 by 30.04.2021. In future the half yearly data upto 30/09 shall be uploaded on or before 30/10 and data upto 31/3 by 30/4.

(Randip Singh Jagpal)

Chief General Manager