Revision of Health Insurance Regulatory Returns- (Insurance Regulatory and Development Authority) (13 Sep 2022)

MANU/IRDA/0068/2022

Insurance

1. In supersession of Chapter V of Section - I of Master Circular on standardization of health insurance products issued vide Ref no. IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020 and Circular Ref. No. IRDAI/HLT/CIR/MISC/102/5/2022 on Revision of Health Insurance Regulatory Returns, the health insurance returns attached as Annexure - 1 are issued. The periodicity of returns to be filed with the Authority is as mentioned in the respective returns. The timeline for submission of the returns is specified as under:

i. All yearly returns shall be furnished within 90 days from the close of the reporting financial year.

ii. All quarterly returns shall be furnished within five days from the close of the reporting quarter.

2. These norms are applicable with immediate effect and are applicable to all returns to be filed for FY 2022-23 and onwards.

3. This has the approval of the competent Authority.

Tags : REVISION HEALTH INSURANCE RETURNS