WebMay 14, 2024 · The E-commerce Guidelines are enabling in nature and were issued by the IRDAI in 2024 with the objective of increasing electronic transactions. They are applicable to insurance companies, intermediaries, etc. who set up an Insurance Self Network Platform ( ISNP ) (i.e., a website or mobile application), for selling and servicing insurance products. WebThe Outsourcing of Activities by Indian Insurers Regulations 2024 provide specific guidance on due diligence of outsourcing service providers, the contents of outsourcing agreements,...
Irdai issues guidelines for standardisation of indemnity health ...
WebMay 7, 2024 · Irdai said the new regulations called 'Outsourcing of activities by insurers Regulations of 2024, will come into force from the date of their publication in the Official … WebDec 1, 2024 · Under the IRDAI rules and regulations, insurers must carry out all core functions themselves. Only non-core activities can be outsourced to external service providers, under the IRDAI (Outsourcing of Activities by Indian Insurers) Regulations 2024. There are also periodic reporting requirements with the IRDAI for outsourcing agreements. how many organelles do animal cells have
IRDA Guidelines on Insurance e-commerce - TaxGuru
Webwww.irdai.gov.in WebJul 19, 2024 · On April 20, 2024, the Insurance Regulatory and Development Authority of India (‘IRDAI ’) issued the IRDAI (Outsourcing of Activities by Indian Insurers) Regulations, 2024 (‘Outsourcing Regulations ’), which supersede the guidelines previously issued on February 1, 2011. WebOct 9, 2024 · IRDAI (Outsourcing of Activities by Indian Insurers) Regulations, 2024 – Pursuant to Regulation 12 insurers are required to ensure that the: The outsourcing service provider has adequate security policies to protect the confidentiality and security of policyholder information; how big is horsell common