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.

In exercise of the powers conferred by sub section 1 of section 64 ULA of the Insurance Act,

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