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IRDAI's draft guidelines to protect insurance policyholders: 5 key changes to know | Business

Financial Literacy News: IRDAI has proposed draft guidelines aimed at protecting insurance policyholders. The key changes include an extended free look period, collection of bank details, mandatory nomination, expanded nomination provisions, and electronic policy issuance.

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What do IRDAI's draft regulations on insurance policies mean for policyholders?

IRDAI has recommended an extension of the free look period for life and health insurance policies. Additionally, the insurance regulator has drafted regulations consolidating separate regulations.

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Gold and silver prices today: Precious metals surge after weak US retail sales

Analysts say market participants shifted focus to commentary from Federal Reserve officials for cues on the timeline for interest rate cut

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Haven't submitted investment proofs to your employer yet? Here is what you should before March 31 deadline to save tax

Failing to furnish these proofs can result in a higher TDS deduction, as expenses made after March 31 are not deemed eligible for tax deductions for the ongoing fiscal year

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Not happy with your new life insurance, or general insurance policy? Soon, you may get more time to return it

IRDAI has proposed increasing the free-look period from 15 days to 30 days. At present, insurance companies have to offer a mandatory free-look period of 15 days for life and general insurance policies. The proposal to extend the free-look period is a customer-friendly initiative, say experts. Know how this proposal can impact insurance policyholders

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Irdai looks to double policy trial to 1 month

India Business News: Insurance regulator Irdai has recommended increasing the 'free-look' time for plans from 15 days to a month. According to an insurance broker, a free-

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Irdai moves towards changes to protect policyholder interest

IRDAI proposes extending the free look period for life and health insurance policies. Draft regulations aim to consolidate regulations, relax norms, introduce nomination provisions, and facilitate insurance transactions through a not-for-profit digital marketplace called Bima Sugam.

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Irdai draft guidelines to safeguard insurance policyholder interests: 5 major changes proposed

In order to decrease stakeholder compliance requirements, facilitate company operations, and protect policyholder interests, the Insurance Regulatory and Development Authority of India (IRDAI) has suggested a number of changes.

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IRDAI proposes to increase free look period to 30 days for policyholders

Enhancing the protection of insurance policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to enhance the free look period to 30 days in the case of life and health insurance policies.

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IRDAI proposes to increase free look period to 30 days for policyholders

Enhancing the protection of insurance policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to enhance the free look period to 30 days in the case of life and health insurance policies.Free look period ...

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