Irda Has The Final Word On Visiting Cards Also

The next time Life Insurance Corporation gets a new chairman, it will not only have to inform the Insurance Regulatory Development Authority about the appointment, but will also be required to dispatch his visiting card to the regulator. The incumbent will have to wait till the regulator formally vets the visiting card.

The same holds true for all insurance companies, be they the public sector players or the new private entrants in the insurance market. The IRDA has stipulated