Financial & Investment Solutions

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

IRDAI prohibits insurers from collecting premium before policy approval 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...

Suppose you have taken a loan of Rs 50 lakh and you are not able to pay it back. What happens then? Will all your assets be taken away? Will your house be auctioned? Let me uncomplicate this for you. Watch this Jist to know more. Producer: Harsh*ta Pathak Editor: Nitin #loan #bank #facts #uncomplicate #banking #money