IRDAI just made India’s complicated home insurance process simpler and more customer-friendly, to encourage more people to buy home insurance.
IRDAI intends to make it easier for the general public to choose an insurance policy to cover their travels, as well as increase the penetration of travel insurance in India.
RDAI, India’s insurance regulatory authority, has proposed to colour-code insurance polices. It can help you choose the right policy for yourself.
Buyers will no longer have to purchase long-term insurance packages for two-wheelers and four-wheelers for five years and three years respectively, as mandated in 2018
Some recommendations from IRDAI that will affect your car’s insurance policy.
The insurance regulator had earlier mandated non-life insurance providers to offer the standard health insurance policy from April 1, 2020, onward.
With this move, IRDAI aims to bring in uniformity and greater transparency to insurance contracts
Arogya Sanjeevani Policy needs to cover the basic needs of customers with a minimum insured sum of Rs 1 lakh and a maximum of Rs 5 lakh
The lesser you drive and the safer your driving habits are, the lower your insurance premiums will be. Here's how.
All new policies being launched have to comply with these new guidelines. Existing policies have to make amendments by October 2020.
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