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 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.

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 ...

Whenever we plan to buy insurance, the most common problem we face is going through all the documents to find the crucial details. On top of that, the complex terms and the vast list of conditions ...

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 ...

At the end of the second page of the BPI form, a “client certification and authorization” must be signed by the customer to confirm that the provided data are accurate. No explicit waiving of data ...

Policyholders now enjoy broader access to an array of products and service providers, fostering healthy competition and more favorable pricing. In the transformative year of 2023, IRDAI has embarked ...

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 ...

The regulator in a release called Reforms in General Insurance Business, said these measures will be helpful to simplify the insurance sector, effectively enhancing the customer-centric insurance ...