The new set of reforms has introduced Customer Information Sheet (CIS) to provide clear and concise policy details including scope of coverage, exclusions, warranties, and claim settlement processes.

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 ...

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a new circular that recommends insurance companies to furnish important details to policyholders to ensure their ...

From January 1, insurance companies must furnish for policyholders essential policy details, such as the sum assured, coverage specifics, exclusions, and claims procedure, in a standardised format to ...

From January 1, 2024, insurance companies will have to provide their health insurance policyholders with an updated document that will provide a quick glance at key policy clauses, the timeframe for ...

The new year is set to usher in a string of changes with respect to your personal finance. From a new format of the customer information sheet (CIS) of insurance companies, to mutual fund trustees ...

New Delhi [India], June 12 (ANI): In order to simplify the insurance landscape, the Insurance Regulatory and Development Authority of India (IRDAI) has introduced major reforms in motor, health and ...