New Draft Public Liability Insurance (Amendment) Rules, 2024
On July 19, 2024, the Ministry of Environment, Forest and Climate Change (MoEF&CC) released the Draft Public Liability Insurance (Amendment) Rules, 2024. These amendments seek to enhance the Public Liability Insurance Rules, 1991, introducing crucial changes aimed at improving the application and relief processes for environmental damage
Public Liability Insurance (Amendment) Rules, 2024
Any person interested in making any objection or suggestion on the proposals contained in the draft notification may do so in writing within 60 days through post to the Secretary, Ministry of Environment, Forest and Climate Change, Indira ParyavaranBhawan, JorBagh Road, Aliganj, New Delhi-110003 or electronically at email address: mishra.vp@gov.in or diriapolicy-moefcc@nic.in.
IRDAI has withdrawn the circular on ‘Payment of Commission, remuneration, rewards and distribution fees under Long Term Motor Insurance Policies’
Consequent to the notification of IRDAI (Expenses of Management, including commission, of insurers) Regulations,2024, the circular on ‘Payment of Commission, remuneration, rewards and distribution fees under Long Term Motor Insurance Policies’ Circular No. IRDA/INT/CIR/Comm/139/08/2018 dated 29th August,2018 has become redundant.
Discontinuation Of Atal Amrit Abhiyan By Government Of Assam
On July 8, 2024, the Government of Assam notified the discontinuation of the Atal Amrit Abhiyan scheme, effective October 31, 2023. Key points include:
Pre-October 31, 2023 Claims: All pre-authorizations and claims raised before this date will be processed for payment as per the scheme’s guidelines.
Post-October 31, 2023 Claims: Claims raised after this date will not be considered for payment.
Important Provisions Of ESI Coming into Force in Manipur
On July 10, 2024, the Ministry of Labour and Employment extended provisions of the Employees State Insurance Act, 1948 (ESI Act) to Bishnupur, Senapati, Ukhrul, Kangpokpi, Churchandpur, and Thoubal districts in Manipur. Key sections implemented include 38-43, 45A-I, 46-73, 74, 75, and 76(2-4), 82-83. This move enhances social security for employees by providing access to medical care, maternity benefits, sickness benefits, and disablement benefits
Adjustment to Gratuity Insurance Deadline in Karnataka: What Employers Need to Know
In a recent amendment to the Karnataka Compulsory Gratuity Insurance Rules, 2024, the state government has modified the time limit for employers to obtain a valid insurance policy.
Expanding Employees’ State Insurance Act, 1948: New Regulations for Municipal Bodies in Punjab
Government of Punjab, under the Department of Health and Family Welfare, issued Notification No. 1/792560/2024, amending the application of the Employees’ State Insurance Act, 1948.
Master Circular on Operations and Allied Matters of Insurers
The Insurance Regulatory and Development Authority of India has strengthened the governance measures on the operations and allied matters of the insurers in the Master Circular issued under part B of the IRDA (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024 repealing 11 circulars.
Master Circular on General Insurance Business repealing thirteen circulars
Provision of easy-to-understand insurance products tailored to meet individual needs of the customers, providing them with ample choices and enhancing their insurance
experience has now been enabled. The shift from rule based to principle-based
regulatory framework facilitates ease of doing business and encourages innovation, enabling reduction in the response time for emerging market needs.
Master Circular on Submission of Returns
Various regulatory returns numbering 60 required to be filed under these regulations/operational guidelines are now collated in one place and are issued as a Master Circular on Submission of Returns. 37 regulations consolidated into 7 regulations and additional 2 new regulations were notified, effective from 1st April 2024.
