Supreme Court Flags Excess Records as Cause of Delays in Corruption Case Prosecutions  ||  Supreme Court: Outgoing Partner’s Share Valued on Assessment Date, Not Dissolution Date  ||  Supreme Court Acquits Two Murder Convicts, Finds Prosecution Story Suspicious  ||  SC Restores SEBI Fraud Proceedings against Vedanta over 2014 Share Buyback  ||  CCI Rejects Kerala Private Bus Operators’ Challenge to Free KSRTC Travel for Women  ||  Chhattisgarh HC: Sharia Body can't Decide Muslim Woman's Marital Status or End Marriage  ||  MP High Court: Adult Woman Can Become Jain Saadhvi Despite Parents’ Opposition  ||  MP High Court Quashes 70%-80%-90% Pay Rule for Class III, IV Staff during Probation  ||  SC: Pre-2015 NH Act Awards Must Follow 1894 Act for Solatium and Interest  ||  SC: Service Rendered Before Regularization Must Be Counted for Pension Benefits    

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