The Insurance Regulatory and Development Authority of India (IRDAI), on September 22, 2026, announced the repeal of the Guidelines on repatriation of dividends by insurance intermediaries having majority by foreign investors, originally issued on January 3, 2020. The repeal follows the notification of the IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2026 on July 30, 2026, which aligned the regulatory framework with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 and the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025.
The Amendment Regulations have, among other changes, removed the requirement for prior approval of IRDAI for repatriation of dividends by insurance intermediaries and also removed the condition relating to related-party payments. Consequently, the earlier guidelines governing repatriation of dividends by insurance intermediaries having majority foreign ownership are no longer applicable.
Accordingly, the Guidelines issued vide Ref. No. IRDAI/INT/GDL/MISC/004/01/2020 dated January 3, 2020 stand repealed with effect from July 30, 2026. The Circular has been issued with the approval of the competent authority.
[Circular No. IRDAI/INT/CIR/MISC/122/9/2026]
