Circular regarding Solvency margin for Pradhan Mantri Jeevan Jyoti Bima Yojana(dated – 31.05.2022) – IRDAI.

• 01st, June 2022
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Circular regarding Solvency margin for Pradhan Mantri Jeevan Jyoti Bima Yojana(dated – 31.05.2022) – IRDAI.

• This circular is issued under section 14(2)(e) of the Insurance Regulatory and Development Authority Act, 1999.
• For PMJJBY, the second factor for calculation of Required Solvency Margin as per Form KT-1 of IRDAI (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016 is revised from 0.10% to 0.05%.
• This shall come into effect from 31 May 2022.