News From Press IRDAI to enhance scrutiny of health & savings plans aimed at individuals over 55 to curb misselling

IRDAI to enhance scrutiny of health & savings plans aimed at individuals over 55 to curb misselling

Source: ET Feb 20, 2024

The insurance regulator is eyeing enhanced scrutiny of complex insurance products, especially those aimed at individuals over 55, including health and savings plans to curb misselling.

The Insurance Regulatory and Development Authority of India, IRDAI, is in discussions with all stakeholders, including banks, about ensuring transparency in sales and introducing mandatory video verification...

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