06/02 2008 12:14 FAX REGD.NO.D.L.-1300099 3 asa The Gazette of Budia arene EXTRAORDINARY set Mae PARTIHI—Section 4 surtercare & watt PUBLISHED BY AUTHORITY ‘aprane, weal 1, 2008 12, 1929 RIDAY. FEBRUARY 1, 2008/4 after faPrannas atte ferns varfirarror Gi) fahren ag re ter stern Reghreres oll ForTe saftenen (ateneefail #2 site wear mena ‘ Sad fa ave) eke Preewes, 2005 ee ‘terra, 3 EVA, 2008 favan spn i Preaferfea Pabrerr 3eit water Pee ‘ahr PaPramen, alte fers spafirenror (tara ware r ‘ak ot soars ee) gah Pitee oe aet=—-C1)(0) 2H (apa ivr) Per, 2008 am a AP. P1742 2008 — ET, i) ster anal ob worn A stn airan, 93k (1938 71 4) A eT 32a} HN 3 (1) aw ent a soe ft 2S cae a he he ger eve TT ae ee we By, Se TUTE cafe yueret a Prevfeiens Cy ars ten oe eile at atta whe Pr en a an FP eam ane Ce (ny et Brrr, sah pdr nen ries x ee) Perea, 2002 fT - EB Seer en LP F200, FE saa peg 0 8 oh he a Set 17 args, 2002 sf TT ‘aes, euffassaro0s/37 Rent 26 Pene, 2005 =) Rint Ci) ema rat aT A, — a OH, TUT es i) ae Ree we Ee te pe RaPrert ar ele eee TEEN —(1) Eh at ft ade aren Fra ere tener (Svat Un) suet fre et Hs es Sant nen enix were) ee ei) APTA, any AE ere ies ak, noe 8 ama THO ET seat yoy 08 wre re A HEHE, (2) Aer fern @ gH (3) Bru fara Prater Creda neon ea ins an are) fare, 2002 4 ip rs 3 ae see eet 1 (wed eta ed vote (oO) oni or G) ai ate er, 386 cnwor oofthe toa gross premium income writen direct in that yer (Social Sector, — (©) for the Gnaveiat year 2007-08 the average ofthe umber fives covered by the reepective inser in the social seer Fi the financial years 2002-03, 0 2004-05 oF 550 lakh fives, whichever is higher: QD for the financial year 2008.09, the obligations of the existing inser shall increase by 10 per cent over the "sumer of persons prescribed for the financial year 2007.08; {Ql for the financi year 2009-10, the obligations of the existing insurers shall ncrease by 10 per cont wver the number of persons prescribed forthe financial year 2008-09, (2) The obligations of the insurers, towards the rural and the social sectors for the financial year 2009-10 shall also be applicable inthe fnancialycars there 0) After Regulation 4A, the following Regulations 5,6 and 7 sail bese: © #5. Notes applicable to Regalations 3,34, 305 4 and 44.—-(1) The term ‘hives* referred in Regulations 3, 3A, 308 and 4A in tespect ofall insurers refers to human fives insured a5 atthe end ofeach financial year 2) Re-insurance premian shall not be inebved calculating the obligations of te insurers in respect of the tural and social sectors. _THE GAZETTE OF NIN Tinted ye Manag, vt nda os, Ring ow yp Bh -come G) The Avthority may pzeseribe or revise the: ‘obligations as speciicel in these Regulations ‘rots time. 6 Complinnce—{1) For the porpose of these Regulations, compliance with the obligations Aowards th ral sector in vespeet oth genet an life vsnpanies shall he fad on the sake ‘prodets conforming to she provieo that al such Contracts nce the palin ato the avian mont of coveras lid cow th Sehedites ate 1 of arene Regulatory and Development ‘Authority (Micra Insurance) Regultions, 2005, (2) Forthe purpose ofthese Regiations, compliance ‘with the obligations towards the Social sector in respect ofboth general ana fife conypanies shalt be based! c the sale of products conforming ta the provits that all sush contracts meet the stipwlations as to the cover Iniel down in Schedules } and If of Inswance Regwiaory snd Developnent Authori:y (Micro lnsarince) Regulates, 2005. 7. Submissiow of returns. Hivery insurer shal submit returns pat ofthe financial returns to be submit under ths Insurance Reglaory and Developrne t Authority (Preparation of Finch Statements nnd Auditors Report of tnstrancs Companies) Regulations, 2002, he rue and social sectok cbligations specified under these regulations snd disclose the level of compliance achieved dicing, dhe said yest. Suoh reporting shall form part ofthe ‘Notes to the Accounts’ C.S8.RAO, Chairman [ADVE ANAIGL2007/Ex') Sor ‘and Published By he Cera of Publican, Dai 11 G38senor INSURANCE, REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION yderabad, the ed January, 2008 bisurence Regulatory and Development Authority (Obligations of Iasurcaee to Rural ov Soeiat Scetors) (Pie Amtendanent) Reyutalions, 2008 F. No, IRDAMReg/t/42/2008:—In exercise of the powers conferred by Section 32C read with section 328 of the insurance Act, 1938 (4 of 1938), the Authority. in consulta with the Insurabee Advisory Commit hereby makes the follosng Regions wo Further amend the Insurance Regulatory and Development Authority (Obligatiohs of Insurers to Rural or Social Sectors) © eguhtions 2002, otf on Octaber 17,2002: the Gazette ff India No. IRDA(Reg/10/2002 and amended on December, 2005 in he Grzete of nia No IRDAMRew! 472005/31, namely 1. Short title aud commencement. —(1) These regulations may be eae the fnsurance Reygulatory and Development Authority (Obligations of Insurers to Rural ‘or Socal Sectors) (Third Amendment) Reguttions, 2008, (2) They shall come into force om the date of thair publication in the Official Gazete 3) In the lnsurance Regulatory and Mevelopnent ‘Authority (Obligations of Insurers to Rucal or Social Secsgrs) Relations. 2002, (Yh third pose for Reyattaion 3 shall sta dloted {iy AMter Regulation 3A as inserted by the hsoranee Regulatory and Developmen! Authority (Obligation of Insurers to Rural or Social Sectors) (Amenalient) Regulations, 2005, the following Regulation 3B stall he added 38, Obligations after the Sixth Financia Year-— (1)() Rural Sector ( invespect of ite insures, () eighicon per cent in the seventh Financial years (1) nineteen per cent in the eighth and ial yenes i {a1 wemty per eet the tenth Financ ‘of the total policies writen direct i hat yea i) in respect of a yeneral insurer ) five per cent in the seventh financial yea (sis percent in he sight financial year, {QM} seven per contin the neh snd tort beta ye jam income wsiten direct ‘ofthe total av0ss that year. 3S 1 imespget of al insins () teisaty five the in the seventh Financial year, Ad thy fg toned lives in the ipa fn A) fonty five thousand Hives in the int Finca year; (QV) fiay ive thousand lives in the tenth fxn your 2) The obligations ofthe insurers towards the al ‘and social sectors for the te ficial yea shal ‘algo be app ite in esp ofthe financial yews thereafter.” Gil) ANer Regulation 4 the following Regulation 4A shall beaded the existing insavers for she financial svn 2007-08 9 2009-10. (1) The ers agom the date tigations ofthe esistng is -aent af he Insurance Regulaory nic Arbarity Act, 1999 towards ‘ts on the ial 00 tothe Fini ye 009-10 a a te (2) Life tnsunince Comporation af tia, (Roa ecto, (0) twsamty four per cent in the Financial ‘yer 2007-08; {4D twomty five per cent in the nancial yous 2008-09 ae 2009-10, ‘of the tota policies written deel in that yea: (i) Social Sector (Tyenty lakh Fives inthe Finan years 2007-08, 20809 2009-10 (9 sig percent int financial year 2007- i (00 seem per contin the Financial yrs 208-09 and 2007-10,THE GAZETTE OF INDIA: EXTRAORDINARY Sy et fed at oe (amy 3 eee tia oe = (av) weed fea end A veers os ert; Gi) WA sea eames ger en BIER gee fata ad ata gat TT AN" a) fare 4, ab am ean fare ae, ater “ag, wf 2007-08 @ 2009-10 we au athaisit we arora —1) wart ea “we at fatten aren faery wifivascor Paha 1999 Bee AB arn cen rene aha a Pere ret sad 2007-08 3 fs wd 2009-109 fee Re anieafen BA 1 (68) ovate ston en fr (i) wit (1) fasten af 2007-08 & fare sith ve (11) Patra 200-09 209-10 fee where; seer 4 8 ear a nb cg (i) enka (C1) Reena 2007-1, 2008-09 aH 2009-10, fame er eet o (om) eae see (i) soto da (1) Frteverd 2007-08 % fe: hae an) fesen 4 2008-09 ca 2000-10 FEE ‘were sera eo ee ah fa Ee far aa Gi) oat (1 sia a 2007-08 fore EA WAP TI steed gra anaes a anata ier fre se aon2-03 8 2004-45 3 550 ‘ster, ah it after eh (avy reer et 2008-09 @ fener ert at arora 10 wf fer vet 2007-08 ea 4-2 oqaf waka ara aya ant) Fata a 2000-10 feria asi Bh ameaend 10 safe ft erf_ 2008-09 7 aaa 64 onefty ea 26) aren ag i Wau 1 see A) (2) fia 008-10 a ae A fey ne anorand actors abt aoe via a wht xe sa ard ap” ivy fre ne a ae Paar §, 6a 7g am 5, Reef at raw 3, it, 4 me ary mrt et CV) re ily" fear el fee 3, 39) «are gy A ee segs ais weve iPr Are we fant fia fre Free 2) AomRatay a aetna aries ee aragei 8 wen wl ang pelle fille ah ig ef aE | (3) era TUe faba set Pra anf aaa 8 witraner ae ot a wu wem ft 6. age 5-1) Fen & wiser Fe, “ora wa nen mv ah ah seh anes ae arqUErT or an se = feed Hou con A ore tie we Le ani em a PrP i Ps mT (agai aia) Fabre, 2005 98 or a 1b weve & oo (2) pa aber B wre fe, sr are et Sib see a ea ota Ah oT er ager ya ama zoe 8 Fl or ger url gfe wade fs a te on fafrnsre ae Penryn Cras set) fret, 290s 98 a Fa a We Barer hes 2. Pere, afer emer asewel fare, afc Per aftr (sen ra a) dy Puen ge aceon fd) faery 22 gh 9 a a} ret Fre =e ey an hw Free A ct vel meh en aan a a Se aden ee fie gt oa ee sal AF ager oh ura HRN A favor sa 1 ed RSet feo we ah" Am, ae rae nation an07-ane.