SC: High Courts Exercising Probate Jurisdiction Can Order Probes Into Estate Irregularities  ||  SC: High Courts Exercising Probate Jurisdiction Can Order Probes Into Estate Irregularities  ||  Supreme Court Grants Bail to Undertrial Jailed For 9 Years, Citing Violation of Article 21 Rights  ||  Supreme Court: Appellate Courts Reversing Acquittal Must Themselves Hear Convicts on Sentence  ||  SC: Party Accepting Extension of Arbitrator’s Mandate Cannot Later Challenge Award on Expiry Grounds  ||  Supreme Court: Life Sentence Can Be Modified Into a Fixed-Term Sentence in Appropriate Cases  ||  Supreme Court Upholds EC Authority to Conduct SIR of Electoral Rolls For Free & Fair Elections  ||  Supreme Court Expresses Concern over NEET-UG 2026 Cancellation, Stating NTA Has Not Learned Lessons  ||  Supreme Court: Off-Duty Anaesthetist Cannot be Held Criminally Liable For Nurse’s Procedural Error  ||  Centre To Delhi HC: Eviction of Delhi Gymkhana Club Will be Carried Out After Due Notice under Law    

Discontinuation of monthly Solvency Returns- (Insurance Regulatory and Development Authority) (12 May 2022)

MANU/IRDA/0023/2022

Insurance

Ref: Circular No. IRDAI/F&A/Cir/Misc. 126/05/2021 dated 6th May 2021

In view of the difficult and challenging times faced by the Indian economy due to the pandemic, IRDAI felt the need to closely monitor the health and solvency position of all the Insurers at shorter intervals. Accordingly, the Insurers were advised to submit the monthly solvency returns within 15 days from the end of the respective month.

1. As the economic situation due to the pandemic is moving towards normalization, it has been decided to discontinue the filing of monthly solvency returns by the Insurers with immediate effect. However, the insurers whose solvency margin is less than 1.55 as at the end of any quarter, shall continue to report the monthly solvency position until the solvency position is restored to 1.55, by e-mail at finance-nonlife@irdai.gov.in.

2. This circular is issued under section 14(2)(e) of the Insurance Regulatory and Development Authority Act, 1999.

Tags : DISCONTINUATION   SOLVENCY RETURNS   FILING OF  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved