Insurance IRDAI extends deadline for micro insurance products till March 31

IRDAI extends deadline for micro insurance products till March 31

Source: Hindu Business Line Dec 30, 2015

The Insurance Regulatory and Development Authority of India (IRDAI) on Tuesday said the existing micro insurance products will continue to be on offer till March 31, 2016.

As per Insurance Regulatory and Development Authority of India (Micro Insurance) Regulations, 2015, it was mandated that all existing micro insurance products that are not in compliance to these regulations shall be withdrawn with effect from January 1, 2016.

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