The Insurance Regulatory and Development Authority (Irda) has brought out a guidance note on preparation of investment return, wherein detailed procedure for it has been given. The Assets Under Management (AUM) were around Rs 17.83 lakh crore in 2013.
To keep up with this growth in funds, Irda has proposed the systems and processes, should keep pace.
According to this note, all periodical returns are required to be filed with the authority within 30 days from the end of the quarter.
