The Insurance Regulatory and Development Authority of India (Irdai) on Thursday extended the exemption given to life insurers to obtain customer’s consent without requiring signatures on the hard copy of the proposal forms to 31 March 2021. In the wake of the covid-19 pandemic and the social distancing norms, the regulator in August had allowed companies to obtain customers’ consent through electronic means on the proposal form till 31 December 2020.
Insurers receptive to covering chronic ailments, declare PEDs honestly
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