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  • insurance coverage definitions news

    IRDA moves to fix life cover anomaly

    22.05.12 ) May answer your call.

    To fix this seemingly skewed ratio, the regulator has set out to revisit all such life insurance products with limited cover. The idea is simple: to have an enhanced protection component. The fact that there are a host of tools in the market that offer only five to six times the annual premium paid by a policy holder might have pushed , simply because product features will not be communicated well when insurance products are bundled. In fact, it had shot off a letter to Life Insurance Council to get the issue fixed.


    Source: Daily News & Analysis

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