Time-limit for achieving the targets

back Back

RTI

Department wise - Time-limit for achieving the targets

Departments Remarks
Agency Distribution Within 7 working days from the date of receipt of grievance.
Vigilance Not Applicable
Surveyors Subject to submission/upload of required documents as specified in IRDAI(Insurance Surveyors and Loss Assessors) Regulations, 2015, license will be approved and issued within 15 days from the date of such complete submission.
Actuarial For life product approval process, the circulars Ref: IRDAI/ACT/CIR/MISC/124/07/2019 and Ref: IRDAI/ACT/CIR/MISC/125/07/2019 dated 26.07.2019 can be referred. The referred circulars can be accessed at https://www.irdai.gov.in/
Legal There are no time limits as there is no involvement of public in the functioning of Legal Department
Sectoral Development Department Not Applicable
Inspection Not applicable to inspection department as there is no involvement of public in the functioning of the Inspection Department.
Non Life For new/revised product/add-on filings, the insurers are to be communicated within 30 days. For all other functions there is no specific timelines
Health

Timelines for various aspects relating to products are specified in the IRDAI (Health Insurance) Regulations 2016 / IRDAI Guidelines on Product Filing in Health Insurance Business vide Circular ref IRDA/HLT/REG/CIR/150/07/2016 dated 29.07.2016/ IRDAI Guidelines on standardization in Health Insurance IRDA/HLT/REG/CIR/146/07/2016 dated 29.07.2016/ IRDA/HLT/CIR/MISC/151/09/2019 dated 23.09.2019

Timelines on various aspects related to TPAs are specified in IRDAI (Third Party – Health Insurance) Regulations 2016 / IRDAI Circular number IRDA/TPA/REG/CIR/059/03/2016, dated 28-03-2016.

Timelines on filing of advertisements are specified under IRDAI Circular ref IRDAI/LIFE/CIR/MISC/189/10/2019 dated 17.10.2019

In case of Registration of Health Insurance Companies - IRDA (Registration of Indian Insurance Companies) Regulations 2000 and amendments from time to time

For places of business in IRDAI (Places of Business) Regulations 2015.
IT Not Applicable

Ref. No.:| Date: 15-07-2020