The insurance regulator has asked the companies to comply with the host country’s solvency requirements, FEMA, KYC and Anti Money Laundering (AML) guidelines.
It will be mandatory for all life insurance companies, agents, insurance brokers and bancassurance to fill in the standard proposal form from October 15
Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.