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 ...

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 ...

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 ...

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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 ...

Today's business environment can be characterized as fast-moving and customer-driven. Buyers have a wide range of options at their fingertips, and alternatives are mere clicks away. Successful ...

The Mutual Fund Dealers Association of Canada (MFDA) has published a new brochure for dealers to provide to clients when they open an account, setting out the need to collect know-your-client (KYC) ...

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 ...