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IRDAI Proposes Doubling Free-Look Period for Insurance Policies: What It Means for You?

Some Good news for insurance policyholders! The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to extend the free-look period for insurance policies from 15 to 30 days. This period allows policyholders to cancel newly purchased insurance policies without facing any surrender charges. Let’s explore the details of this proposed change […]
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BM Finance Fundas: Not happy with your new insurance?

Let’s look at what the insurance regulator has proposed and how it is going to impact you. ....

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Aiming Insurance For All By 2047, IRDAI Shakes Up Industry With Bold Proposals, Check Top Points

Bima Sugam, IRDAI said will be a one-stop solution for all insurance stakeholders, vis-a-vis customers, insurers, intermediaries or insurance intermediaries, and insurance agents. ....

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Not happy with your new life insurance, or general insurance policy? Soon, you may get more time to return it

IRDAI has proposed increasing the free-look period from 15 days to 30 days. At present, insurance companies have to offer a mandatory free-look period of 15 days for life and general insurance policies. The proposal to extend the free-look period is a customer-friendly initiative, say experts. Know how this proposal can impact insurance policyholders ....

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Irdai moves towards changes to protect policyholder interest

IRDAI proposes extending the free look period for life and health insurance policies. Draft regulations aim to consolidate regulations, relax norms, introduce nomination provisions, and facilitate insurance transactions through a not-for-profit digital marketplace called Bima Sugam. ....

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