To enhance the financial safety net for people travelling (be it domestic or international), IRDAI has introduced guidelines for a standard travel insurance product. The guidelines were issued by the Insurance Regulatory and Development Authority of India (IRDAI) on May 5, 2021. As per the guidelines, there will be five variants of the travel insurance product and these will be basic mandatory covers which will be uniform across the insurance industry.
Key to long-term investing: ‘Time in the market’ more important than ‘timing the market’
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