The International Financial Services Centres Authority (IFSCA) on November 12, 2026, issued the Clarification for removing ambiguity in the International Financial Services Centres Authority (Insurance Intermediary) Regulations, 2021 (‘IIIO Regulations’), pursuant to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.
It has clarified the validity and renewal requirements for Certificates of Registration (CoRs) issued to IFSC Insurance Intermediaries (IIIOs), in alignment with the amendments introduced under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025. Pending amendments to the IFSCA (Insurance Intermediary) Regulations, 2021, all existing and newly issued CoRs will remain valid, subject to compliance with applicable regulations and IFSCA directions, and payment of the prescribed annual fee. IIOs whose CoRs become due for renewal are required to submit renewal applications to the Authority as and when due, and IFSCA may renew such registrations with continued validity, subject to the prescribed compliance requirements and payment of annual fees.
The annual fees will be payable in accordance with the IFSCA Fee Circular dated March 2, 2026.
[Notification No. - IFSCA-Insu/CIRC/1/2021-Insurance]
