News From Press IRDAI extends deadline for life insurers to withdraw old products: How policyholders will get impacted?

IRDAI extends deadline for life insurers to withdraw old products: How policyholders will get impacted?

The changes that were brought in by the regulator earlier this year were to make life insurance more favorable to customers. The new rules also offered essential benefits and flexibility to the existing policyholders.

Financial Express Dec 3, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) earlier this year had brought in significant changes to regulations related to both non-linked life insurance products and ULIPs. The regulator had asked insurance companies to withdraw products and insurance riders that are not in agreement with the new product regulations, by November 30th this year. However, IRDAI has now extended the deadline to January 31, 2020.

Click here to read more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Nine big financial changes that you must watch out for in October

National Pension System: How to choose the right annuity plan?

Buying health plan in India can help NRIs during visits here

SBI Funds Management purchases Rs 103 crore office space in Mumbai

Top 1% tax filers account for over 54% of short-term capital gains

Health, life insurance premiums need a tax cut? GoM to meet on October 19

Mutual funds dive into FoF waters to fish for debt fund alternatives

Sebi likely to introduce MF-Lite regulations for passive funds: Madhabi Puri Buch

Every equity mutual fund category fetched at least 20% return in last one year

Is your mutual fund overlapping putting your investments at risk? How to identify and avoid it!

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS