Financial & Investment Solutions

Financial & Investment Solutions Expert personal advice in the following areas: Loan, Managing your Budget. Managing your Debts. Plan

IRDAI prohibits insurers from collecting premium before policy approval - The Economic Times
07/09/2024

IRDAI prohibits insurers from collecting premium before policy approval - The Economic Times

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new rules for life and health insurance premiums. Insurers can no longer collect initial premiums with the proposal form unless the policy is issued immediately. This change aims to prevent idle customer money and ens...

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