Insurance regulator IRDAI on Monday pointed out that insurance policy documents could be “fraught with legalese” and asked insurance companies to revise customer information sheet that helps ...
The insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) has instructed insurers — via a circular on Oct 30 — to release a revised customer information sheet (CIS). This ...
According to the regulator, simple language will enable the consumer to understand and follow the policy documents thoroughly. In a communication to insurance companies, the IRDAI said: “It is ...
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