TITLE

Country Profile -- India : Insurance regulations in 2010

PUB. DATE
January 2011
SOURCE
Asia Insurance Review;Jan2011, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the changes in guidelines issued by the Insurance Regulatory and Development Authority (IRDA) of India for the life insurance industry. According to the new IRDA rules, the minimum term for policy is now fixed at five years and all unit-linked insurance products (ULIPs) must have an insurance cover payable on death. IRDA proposed that the licence of an insurance agent be cancelled if at least 50% of the policies sold by him/her are not renewed annually.
ACCESSION #
67503291

 

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