IRDAI discontinues certain returns

The IRDAI vide notice dated 10 June 2022 has provided that the requirement of submission of the following returns is discontinued:

1. Fortnightly return containing details of branches fully / partially closed – ref circular dated 23/03/2020.
2. Monthly statement of grievances related to OTP based consent for proposals – ref circular dated 12/11/2020.
3. Monthly Statement of Renewal Premium and Policy Payouts – ref circular dated 10/08/2021.
4. Monthly report on sale of Saral Jeevan Bima – Standard Life Product – ref email dated 29/04/2021
5. Monthly report on sale of Saral Pension- Standard Annuity Product – ref email dated 08/06/2021
6. Monthly report on NCFE Trainings – ref email dated 5/10/2021
7. Monthly NB Premium on Fund Based Products.
8. Monthly report of products launched during the period – ref circular dated 03/04/2008.
9. Annual Statement of number of agents /intermediaries trained in ULIPs – ref circular dated 26/09/2019.
10. Quarterly Life Operational BAP Return on “Names of MI products on offer”.
11. The submission of the following off-line / manual returns is discontinued: Yearly Outsourcing returns as per IRDAI(Outsourcing) Regulations, 2017 and International Business Reporting under Places of Business – Returns with Yearly and Quarterly modes.