Product name Saral Suraksha Bima.
Minimum sum assured of Rs 2.5 lakh.
New Delhi: Insurance regulator Irdai has asked general and health insurance providers to provide standard personal accident cover products to their customers.
The Insurance Regulatory and Development Authority of India (Irdai) said the insurance market has a wide variety of personal accident insurance products.
Each product has unique features and the insuring public may find it a challenge to choose an appropriate product, Irdai said in its guidelines issued to the insurers for the standard accident cover. Therefore, with the objective of having a standard product with common coverage and policy wordings across the industry, the authority has decided to mandate all general and health insurers to offer the standard personal accident insurance product, it said.
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Life Accident Insurance Market Is Booming Worldwide : MetLife, Aviva, Munich Re, ManhattanLife
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South Carolina companies to lawmakers: Pass hate crimes bill
By JEFFREY COLLINSFebruary 22, 2021 GMT
FILE - In this June 18, 2015, file photo, a group of women pray at a makeshift memorial on the sidewalk in front of the Emanuel AME Church in Charleston, S.C. One big change happened in conservative South Carolina after a racist gunman killed nine black people during a Bible study five years ago, the Confederate flag came down. But since then, hundreds of other monuments and buildings named for Civil War figures, virulent racists and even a gynecologist who did painful, disfiguring medical experiments on African American women remain. (AP Photo/Stephen B. Morton, File)
Posted 2 months ago
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