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Irdai's approval to new regulations for life insurance products

The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.

Insurance
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Subrata Panda Mumbai
The Insurance Regulatory and Development Authority of India (Irdai) on Thursday gave the go-ahead for the new regulations for life insurance products. It also gave the first level approval, or R1, to Indiabulls Integrated general insurance business in its board meeting.

The insurance regulator had released the draft regulations for linked and non-linked life insurance policies in October 2018. It had earlier formed a committee to review product regulations in the life insurance sector. Based on its recommendations the draft regulations were released, which were approved on Thursday.

The new regulations will allow the insurers to charge an extra premium from policyholders

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First Published: Mar 29 2019 | 1:57 AM IST

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