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Date: 06-June-2020
IRDAI Mandate - Legal Entity Identifier (LEI) code

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated implementation of the LEI system for all insurers and their corporate borrowers. Entities without an LEI code are not to be granted renewal / enhancement of credit facilities, after the date specified in the schedule. Kindly refer to the IRDAI Notification: “Legal Entity Identifier (LEI) code”.

The information with respect to the legal entity published on the website of LEIL shall not be construed as an advice of professional, financial, legal or an investment advice and must not be used as the basis for making investment decisions (lending and exposure).

LEIL does not advocate, advise or advertise the financial/legal soundness, standing or stability of the Legal Entity to which LEI is assigned by LEIL. The assignment of LEI to a Legal Entity does not amount to LEIL vouching for the Legal Entity’s financial/legal soundness or financial standing. Any person using the public information about a Legal Entity published on this Site is requested to do the normal due diligence of the Legal Entity, which he or she would have normally done in the ordinary course of business before entering into the financial transactions with such Legal Entities holding LEIs issued by LEIL.