January 21, 2010

Circular No.IRDA/F&I/CIR/F&A/008/01/2010

To,

CEOs of

All Insurance Companies,

Dear Sir,

With a view to collect information on the business generated through Bancassurance model and the payouts to the Bancassurance channel, the Authority prescribes the following formats:-

1. Form IRDA/F&A-BA-1 (Life and Non-Life Insurers): List of arrangements with each Bank.

2. Form IRDA/F&A-BA-L2 (Life Insurers): Income and Payouts of each Bank for each sub-class of business.

3. Form IRDA/F&A-BA-NL-3 (Non-Life Insurers): Income and Payouts of each Bank for each sub-class of business.

All insurers are hereby advised to furnish the information in the above formats for the last seven half years (2006-07, 2007-08, 2008-09 and first half year of 2009-10) within 30 days from the date of issue of this Circular. In future, the information in the aforesaid formats should be submitted to the Authority on half yearly basis within 45 days from the end of the half year (i.e. March 31, 2010 – by May 15, 2010).

This Circular comes into immediate effect.

(R. Kannan)