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Alert: Beware of financial scams! Always deal with IFSCA regulated entities. Check IFSCA Directory available on the website. Stay informed, stay protected!

 

 

Acts

Sr. No. Date Title View
1 20-Dec-2019 The International Financial Services Centres Authority Act, 2019  
2 19-Apr-2000 The Insurance Regulatory and Development Authority Act, 1999  
3 20-Sep-1972 The General Insurance Business (Nationalisation) Act, 1972  
4 26-Feb-1938 The Insurance Act, 1938  

Regulations

Sr. No. Date Title View
1 20-Oct-2021 IFSCA (Registration of Insurance Business) Regulations, 2021  
2 13-Jan-2023 IFSCA (Manner of Payment of and Receipt of Premium) Regulations, 2022  
3 13-Jan-2023 IFSCA (Insurance Products and Pricing) Regulations, 2022  
4 13-Jan-2023 IFSCA (Preparation and Presentation of Financial Statements of IIOs) Regulations, 2022  
5 13-Jan-2023 IFSCA (Appointed Actuary) Regulations, 2022  
6 13-Jan-2023 IFSCA (Investment by IIO) Regulations, 2022  
7 13-Jan-2023 IFSCA (Maintenance of Insurance Records and Submission of Requisite Information for Investigation and Inspection) Regulations, 2022  
8 13-Apr-2023 IFSCA (Re-insurance) Regulations, 2023  
9 20-Apr-2023 IFSCA (Assets, Liabilities, and Solvency Margin of General, Health and Re-insurance business) Regulations, 2023  
10 20-Apr-2023 IFSCA (Assets, Liabilities, and Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023  
11 01-May-2023 IFSCA (Management Control, Administrative Control and Market Conduct of insurance business) Regulations, 2023  

Circulars

Sr. No. Date Title View
1 08-Apr-2025 Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC or seeking guidance under the Informal Guidance Scheme  

Guidelines

Sr. No. Date Title View
1 27-Oct-2021 International Financial Services Centres Authority (Operations of International Financial Services Centres Insurance Offices) Guidelines, 2021  

Frequently Asked Questions

Sr. No. Date Title View
1 30-May-2024 FAQs on IFSC Insurance Office  

Statistics

Sr. No. Title View
1 Statistics for Re/insurance activities in GIFT IFSC as on March 31, 2024  
2 Statistics for Re/insurance activities in GIFT IFSC as on June 30, 2024  
3 Statistics for Re/insurance activities in GIFT IFSC as on September 30, 2024  
4 Statistics for Re/insurance activities in GIFT IFSC as on December 31, 2024  
5 Statistics for Re/insurance activities in GIFT IFSC as on March 31, 2025  

Team

Sr. No. Title Telephone Email
Department of Insurance and Pension
1 Sh. Mahipal Reddy, Executive Director, HoD 079-61809800 k[dot]mahipalreddy[at]ifsca [dot]gov[dot]in
Division of Insurance Regulations insurance-dept[at]ifsca[dot]gov[dot]in
2 Sh. Bhaskar Khadakbhavi, GM 079-61809865 bhaskar[dot]khadakbhavi [at]ifsca[dot]gov[dot]in
3 Sh. Rishi Kale, Manager 079-61809833 rishi[dot]kale[at]ifsca[dot]gov [dot]in
4 Sh. Nitin Gupta, Manager 079-61809839 g[dot]nitin[at]ifsca[dot]gov [dot]in
Division of Insurance Supervision ins-supervision[at]ifsca[dot] gov[dot]in
5 Sh. Chandra Bhushan, AGM 079-61809848 chandra-bhushan[at ifsca[dot]gov[dot]in
6 Sh. Arpit Panchal, AM - arpit[dot]panchal[at] ifsca[dot]gov[dot]in

Registered Entities

Sr. No. Title View
1 The directory of registered IIOs can be accessed at  

Outreach Material

Sr. No. Title View
1 Insurance Flyer  
2 Presentation Deck on IFSC Insurance Ecosystem  
3 QR Code (for accessing the dedicated insurance webpage)  
4 Checklist for opening of office as IIO in an unincorporated form  
5 Checklist for opening of office as IIO in an incorporated form  
6 Indicative Step Plan for establishment / operationalization of IFSC Insurance Office (IIO) in Branch form  

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