Obligations of Insurers in respect of Rural and Social sectors- Clarification with regard to ASHA workers and MGNREGA workers

Last updated: 12 March 2021

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The Insurance Regulatory and Development Authority of India (IRDAI) has issued a clarification regarding insurers' obligations to the rural and social sectors. It has been confirmed that policies issued to Accredited Social Health Activist (ASHA) workers and Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers can be considered for compliance with these mandated obligations. This clarification is effective immediately.

INSURANCE REGULATORY AND
DEVELOPMENT AUTHORITY OF INDIA

Ref. No: IRDAI/Life/MISC/Cir/046 /03/2021

Date:11-03-2021

To All the Insurers

Re: Obligations of Insurers in respect of Rural and Social sectors- Clarification with regard to ASHA workers and MGNREGA workers

The Authority has received requests for clarification as to whether the policies issued to persons under the occupations of ASHA workers and MGNREGA workers can be considered for social sector for compliance with Obligations mandated under IRDAI (Obligations of Insurers to Rural and Social sectors) Regulations,2015.

On consideration of the requests, it is clarified under the provisions of Regulation 7 of the IRDAI (Obligations of Insurers to Rural and Social sectors) Regulations,2015 that Accredited Social Health Activist (ASHA) workers and Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers may be treated as pertaining to Rural and Social Sector category.

This circular comes into force with immediate effect.

Sd/-

(K Ganesh)

Member (Life)

FAQ :

The notification clarifies whether policies issued to ASHA workers and MGNREGA workers can be counted towards insurers' obligations in the rural and social sectors.

Yes, it is clarified that Accredited Social Health Activist (ASHA) workers may be treated as pertaining to the Rural and Social Sector category for compliance purposes.

Yes, it is clarified that Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers may be treated as pertaining to the Rural and Social Sector category for compliance purposes.

These obligations are governed by the IRDAI (Obligations of Insurers to Rural and Social sectors) Regulations, 2015.

This circular comes into force with immediate effect.

Guest

Notification No : IRDAI/Life/MISC/Cir/046 /03/2021
Published in Miscellaneous
Source : https://irdai.gov.in/ADMINCMS/cms/Circulars_Layout.aspx?page=PageNo4394

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