News From Press 3-in-1 insurance: Soon, you can get life, health insurance and market linked investment in one combo product

3-in-1 insurance: Soon, you can get life, health insurance and market linked investment in one combo product

Source: ET Jun 22, 2023

The Insurance Regulatory and Development Authority of India (Irdai) has allowed insurance companies to launch individual & group unit-linked life and health insurance products and combi products without seeking prior approval from the regulator. In a circular released on June 20, 2023, the regulator adds additional categories to the existing 'use and file' procedure for life insurance products to expand its scope.

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