Gazette Information

Gazette Title

Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024

Gazette Number

2223 GI/2024

Publication Date

March 22, 2024

Issuing Authority

Insurance Regulatory and Development Authority of India

Summary

• The regulations aim to facilitate insurers in responding to emerging market needs and designing innovative products.
• They focus on protecting policyholders' interests through good governance in product design and pricing.
• The regulations will be reviewed every three years and will apply to insurers with registration to conduct life, general, or health insurance in India.
• Specific provisions for life, general, and health insurance products are included.
• Micro-insurance products are categorized with related provisions specified by the Competent Authority.