15th
April
Quarterly Return of Life and general insurance data under BAP Module. Kindly note down the acknowledge number generated after submission of the return
30th
April
Unaudited annual accounts (to be verifed as regulations are silent ) for period ending 31st March to be submitted along with various certificates. Kindly ensure the annual accounts reached before 30th April. Certifcates in Format (Annexure I-A, B,C,D,E,F)
15th
July
Quarterly Return of Life and general insurance data under BAP Module. Kindly note down the acknowledge number generated after submission of the return
30th
September
Submission of the audited Annual accounts along with various certificates and with the IRDA fees either latest by 30th Sept or within 30days from the date of holding the AGM which ever is earlier.Certificates in format (Annexure I-A,B,C,D,E,F and under regulations 35(4)
15th
October
Half yearly Return under BAP Module
15th
October
Quarterly Return of Life and general insurance data under BAP Module. Kindly note down the acknowledge number generated after submission of the return
31th
October
Unaudited annual accounts (Yet to verify from the IRDA as Regulations are silent) for period ending 30th Sept to be submitted along with various certificates. Kindly ensure the annual accounts reach IRDA before 31st Oct
31th
October
Annual Return under BAP Module
15th
January
Quarterly Return of Life and general insurance data under BAP Module. Kindly note down the acknowledge number generated after submission of the return
Renewal Application
90 days before the license expiring date. To filed under BAP module
Regulation no. 14
Professional Indemnity Insurance
2 times of the remuneration at the end of every financial year.
Regulation no. 24
Annual Fees
0.5% of the brokerage earned during last year with minimum and maximum limits for different category of the brokers. WEF 19/1/2018 as per revised Insurance Brokers Regulations 2018 no annual fees but at the time of every renewal of certificate of registration the one time fees to be paid Rs 1.00 lakhs for Direct Broker, Rs 3.00 lakhs for reinsurance and Rs 5.00 lakhs for composite Broker. Till the license is renewed, the fees to be paid as per Regulations 2013
Regulation no. 5(4) 9
Renewal Training for PO and BQP
PO and BQP shall ensure that they complete the renewal training within six months prior to the expiry of three years from the time the previous training was completed
Regulations no. 14(3)
Appointment of Auditor
The Auditor can be appointment maximum for 5 years. He can be reappointed subject to provisions of the Compnaies Act 2013 i.e Listed Companies/Loan amount/ Turnover
Regulations: 34(8)