2025-07-25 | 36437The regulatory authority issued a circular letter to mandate standardized reporting procedures for unclaimed monies under Section 197(5) of The Insurance Act, 2018. This directive requires insurance entities to adhere to specific reporting formats and timelines to ensure consistent disclosure of unclaimed funds. The measure aims to enhance transparency and regulatory oversight regarding the handling of unclaimed insurance proceeds.
Circular Letters , Industry Resources , Insurance Sector Circular Letter – Standardized Reporting of Unclaimed Monies Under Section 197(5) of The Insurance Act, 2018 Share