Duty D10-PGV, published by Department of Financial Services, Ministry of Finance [D10-PGV]
As at 7 September 2026. In force from 10 July 1956.
Addressee: Every insurer.
Required: Obtain a licence before undertaking the carrying on of insurance business; apply in Form IRDA-2, fee one thousand rupees.
Period: Before the activity begins; licence valid three years.
Form: Form IRDA-2.
Source: Section 6, Life Insurance Corporation Act, 1956 [S1D-M1X].
Penalty provision: Section 65, Life Insurance Corporation Act, 1956 [S1D-NW6].
Published by: Department of Financial Services, Ministry of Finance.
In force: from 10 July 1956.