Circular on Exercise of Employee Stock Option (ESOPs) – Applicability of provision of Section 6A (4) (b) of the Insurance Act, 1938 – IRDAI

• 12th, May 2021
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Circular on Exercise of Employee Stock Option (ESOPs) – Applicability of provision of Section 6A (4) (b) of the Insurance Act, 1938 – IRDAI

• The Authority, while approving the remuneration of Whole-time Director, Chief Executive Director and Managing Director, is also considering the granting and / or vesting of ESOPs.
• All ESOPS, at the time of grant, shall be reported to the Authority preferably as a part of the application filed under IRDAI (Remuneration of Chief Executive Officer / Whole-time Director / Whole-time Director / Managing Director of Insurers) Guidelines, 2016.