News From Press Irdai draft guidelines to safeguard insurance policyholder interests: 5 major changes proposed

Irdai draft guidelines to safeguard insurance policyholder interests: 5 major changes proposed

Source: ET Feb 16, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has recommended several modifications to promote business ease, minimise stakeholder compliance obligations, and safeguard policyholder interests.

According to the IRDAI circular dated February 14, 2024, “Following further deliberation draft Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests and Allied Matters of Insurers) …

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