Additional Core Reading Material for SA level subjects

SA1 – Health and Care Specialist Application

The following reading material is relevant for SA1. The list below covers India specific legislations and regulations the candidate is expected to be aware of.

  1. Master Circular on Actuarial, Finance and Investment Functions of Insurers 2024
  2. Master Circular on Expenses of Management, including Commission, of Insurers, 2024
  3. Master Circular on Reinsurance 2024
  4. Master Circular on Operations and Allied Matters of Insurer 2024
  5. Master Circular on Health Insurance Business 2024
  6. Annexure to Master Circular on Health Insurance Business 29052024
  7. Master Circular on Registration of Indian Insurance Company, 2023
  8. IRDAI (Actuarial, Finance and Investment Functions of Insurers) Reg 2024
  9. IRDAI (Expenses of Management, including Commission, of Insurers) Regulations, 2024
  10. IRDAI (Insurance Products) Regulations, 2024
  11. IRDAI (Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024
  12. IRDAI Reinsurance Regulation, 2018 and (Amendment) 2023
  13. IRDAI (Registration, capital structure, transfer of shares and amalgamation of insurers) Regulation ,2024
  14. IRDAI (Registration and operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024
  15. IRDAI (Rural, social sector and Motor third party obligations) Regulations, 2024
  16. Master Circular on Corporate Governance for Insurers, 2024
  17. IRDAI (Bima Sugam- Insurance Electronic Marketplace) Regulations, 2024
  18. Reading Material for SA1

The above regulations may be amended by subsequent notifications.

Candidates are expected to keep themselves aware of latest regulations impacting the operations of health insurance segment, with particular focus on actuarial, product, investment & risk management, capital & solvency, reinsurance, and Policyholder protection.

Candidates may refer to http://www.irda.gov.in for latest changes and updates.

SA2 – Life Insurance

SA3 General Insurance

SA5 – Finance

SA6 – Investment

  1. 29.07.2011-ULIP-Fund Approval Procedure & 2 NAV Process
  2. 17.08.2011-Clarification – Fund Approval Procedure and Guidelines on NAV Process
  3. 30.08.2011-Clarification on Investment in Venture Funds
  4. 07.10.2011-Clarifications on Fund Approval Procedure and Guidelines on NAV Process
  5. 27.11.2012-Investments in Credit Default Swaps(CDS)
  6. 04.12.2012-Participation of Insurer in Repo or Reverse Repo transaction in corporate debt securities
  7. 18.03.2013-Permission of Insurers to Invest in Category I Alternative Investment Funds
  8. 02.04.2013-Investment Limit of 10% for Reverse Repo in Govt. Sec
  9. 12.07.2013-Lending Securities through SLB Framework
  10. 07.08.2013-Exposure limits on the Investments in Housing Finance and Infrastructure Finance Companies
  11. 23.08.2013-IRDA Circular – Permission to Invest in Category I & II AIFs
  12. 26.09.2013-Investments in IDF NBFC
  13. 26.09.2013-Investments in IDF Mutual Fund
  14. 30.10.2013-Clarifications on IRDA (Investment) Regulations, 2000
  15. 07.01.2014-Investment in Ms L&T Infra Debt Fund
  16. 13.02.2014-Basel III Instruments by Insurers
  17. IRDA (Investment) (Fifth Amendment) Regulations, 2013
  18. Basics of Financial Market
  19. Derivatives FAQs
  20. Derivatives Trading FAQs
  21. E_51_2013_136
  22. ETFs
  23. Index Construction CNX NIFTY
  24. Indices in India
  25. Investors guide to Capital market
  26. IRDA-F&I-CIR-INV-138-06-2014 Guidelines on Interest Rate Derivatives
  27. Online Trading FAQs
  28. Retail Debt market
  29. Understanding Margins Cash and Derivatives
  30. IRDA (Investment) Regulations, 2016

SA7 – Investment and Finance

The above regulations may be amended by subsequent notifications. Candidates are expected to keep themselves aware of latest regulations.