IRDAI vide circular dated 29-12-2020 has issued Relaxations in Point of Sales. The modified underwriting conditions for Pure term Insurance with or without Return of Premium is as per the board approved underwriting policy of the Life Insurer. Modified maximum Sum Assured Limit on a single Life for a Non-Linked, Non-Participating Endowment Product is Rs. 25 lakhs(excluding ADB) at insurer level (per insurer).
129th Meeting of IRDAI
The 129th meeting of the IRDAI marks a significant moment in the evolution of the Indian insurance industry. With a focus on reinsurance, future-ready initiatives,