Govt asks insurers to extend free look period to 1 year to prevent mis-selling

Govt asks insurers to extend free look period to 1 year to prevent mis-selling

Mumbai, Feb 17 (IANS) The government on Monday asked private insurance companies to increase the free look period for policyholders from one month to one year. M. Nagaraju, Secretary of the Department of Financial Services (DFS), shared this update during a post-Budget press conference in Mumbai. The free look period is the time given to … Read more

IRDAI directs health insurers not to hike premium for senior citizens by over 10 pc

New Delhi, Feb 7 (IANS) As health insurance companies have implemented steep premium hikes across age groups — some insurers even increasing health premiums up to 200 per cent — the Insurance Regulatory and Development Authority of India (IRDAI) has directed them not to revise premium rates for senior citizens by more than 10 per … Read more

Exit mobile version