New guidlines for LIC policies

IRDAI PROPOSES NEW GUIDELINES FOR LIFE INSURANCE POLICIES; HERE’S HOW THEY WILL BENEFIT BUYERS The Insurance Regulatory and Development Authority of India (IRDAI) has recently released new draft product guidelines for linked and non-linked life insurance policies, which are set to benefit insurance buyers substantially. In a notification, the regulator said that since 2013 there have been significant changes in the trends in product structures, driven by the customers’ needs, wants and preferences. Besides, the insurance industry was also representing to review the various provisions of the current product regulations so that insurance products could cope with the dynamism of the market. All such things forced IRDAI to review the existing product regulations. Whatever be the case, it is also in the interest of the policyholders to know about the major changes proposed by the IRDAI. Here are the key changes that you must take note of: 1. KEY CHANGES PROPOSED Read more at www.starheal;thdevarajan.com/news/640 for Insurance related Services, U can call us at 9840177017 Devarajan www.starhealthdevarajan.com