When two insurers sign a merger deal, the new insurer (that takes over) secures existing customers from all transitions. “The policy sold by the insurance company remains intact from all aspects including features, premium prices and terms and conditions when there are mergers and acquisitions by another insurance company. The Insurance Regulatory and Development Authority of India (IRDAI) regulatory also plays a vital role in ensuring that the existing customers and the existing policy are not affected by the transition," said Naval Goel, Founder and CEO, PolicyX.com.
Financial Terms Like Mutual Fund, IPO and Bond Now In Sign Language For Differently-Abled
Read More
