Insurance: Irdai cracks down on misleading ads

In order to ensure that insurers and intermediaries adopt fair, honest and transparent practices while issuing advertisements and avoid practices that tend to impair the confidence of the public, the insurance regulator has issued the Insurance Regulatory and Development Authority of India (Insurance Advertisements and Disclosure) Regulations, 2021. Insurers and their intermediaries will have to ensure that advertisements are relevant, fair and in simple language which can enable people to take informed decisions.

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