Exposure draft to Micro Insurance (Modification) Regulations :

On comprehensively examining the existing business model adopted under Micro Insurance vis-a-vis the extant regulations on Micro Insurance, IRDA proposed to review the IRDA (Micro Insurance) Regulations, 2005. Accordingly, an exposure draft on Micro Insurance (Modification) Regulations was issued in July, 2012 for further and wider deliberations on the subject.

As on August, 2013, the modified rules are yet to be published by IRDA.