The IRDAI has issued a Master Circular concerning the Health Insurance Business, effective from May 29, 2024. This circular is based on the IRDAI (Insurance Products) Regulations 2024 and aims to provide comprehensive guidelines for all general, health, and life insurers. It will be reviewed annually and outlines requirements for submitting returns, referencing definitions from relevant insurance acts and regulations.
Master Circular on Health Insurance Business
Ref: IRDAI/HLT/CIR/PRO/84/5/ 2024
Date: 29.05.2024
To
All General Insurers, Health Insurers and Life Insurers
Sub: Master Circular on IRDAI (Insurance Products) Regulations 2024- Health Insurance
A. This Master Circular is issued under the section 14(2)(e) of the IRDAI Act 1999and section 34 of the Insurance Act, 1938 read with Regulation 7 of schedule-III of IRDAI (Insurance Products) Regulations 2024.
B. The Master Circular shal
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FAQ :
The Master Circular provides comprehensive guidelines for the Health Insurance Business, issued under the IRDAI (Insurance Products) Regulations 2024.
This Master Circular is addressed to all General Insurers, Health Insurers, and Life Insurers.
The Master Circular was issued on May 29, 2024.
The Master Circular shall be reviewed every year, unless an earlier review or repeal is deemed necessary.
For the full circular, please refer to the attached document.
Source : https://irdai.gov.in/document-detail?documentId=4942918