Date: 1st August 2022
Master Guidelines on Anti-Money Laundering/ Counter Financing of Terrorism
IRDAI had issued Master Guidelines on AML/CFT
for General insurers and Life insurers in 2013 and 2015 respectively. Subsequently,
multiple circulars had been issued on the subject.
In order to consolidate and update guidelines on AML/CFT, a single Master
Guidelines covering provisions of PML Act, Rules and other applicable norms (as
amended from time to time) is issued.
The guidelines are applicable to all classes of Life, General or Health
The guidelines will come into force from 1st November 2022.