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 Obligat

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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.

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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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