- This circular is issued under the powers granted to the Authority under subsection 2(e) of Section 14 of the IRDA Act, 1999.
- Reference is drawn to the provisions of Para 6 and Para 8 of the Circular No. IRDA/ACT/CIR/SLM/066/03/2017 dated 28th March, 2017.
- The provisions of Para 6.3.1 shall remain effective for one more year, that is, for the period up to 31st March, 2019 and the situation will be reviewed accordingly.
- Other provisions of the aforesaid Circular shall remain unaltered.
- This circular shall be effective from 1st April, 2018.
Source : IRDAI