Ministry : Insurance Regulatory And Development Authority (Not Applicable)
Part III-Section 4
Subject : Extra Ordinary
Gazette Information
Gazette Title
The Gazette of India: Extraordinary
Gazette Number
2159 GI/2024
Publication Date
20th March, 2024
Issuing Authority
Insurance Regulatory and Development Authority of India
Summary
- Notification regarding the de-notification of all tariffs under the Insurance Act, 1938.
- Effective from 01.04.2024, several insurance tariffs will no longer be in force.
- Insurers are prohibited from withdrawing or discouraging the use of any tariff products prior to this notification.
- Coverage of risks under the de-notified tariffs will be subject to new regulations and guidelines effective from the same date.