IRDAI published circular to stop the facility of repayment of loan taken against the insurance policy through credit card

LegalitySimplified

Insurance Regulatory and Development Authority of India (IRDAI) on 4th May, 2023 issued notice to stop the facility of repayment of loans against insurance policy using credit card. All Life Insurers are advised to stop accepting credit card as mode of repayment of loans against insurance policies.

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