Diabytes
Insurance Regulatory and Development Authority of India (Irdai) News
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The circular on IRDAI (Insurance Products) Regulations 2024 --General Insurance that replaces all earlier Guidelines/circulars of General Insurance Products, is applicable immediately.
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IRDAI Master Circular On General Insurance 2024: Among the several points that have been mentioned in the circular, the most flexibility has been given on cancellation of insurance policy.
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Sahara India Life should also transfer the assets corresponding to the changes in the policyholder liabilities as on July 31, 2018 as per the valuation of insurance liabilities report prepared by the independent actuary.
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"Max Financial Services (MFS), Max India and Max Life today confirmed that the proposed merger with HDFC Life has been called off. The exclusivity agreement with HDFC Life, valid till July 31, 2017, will not be renewed," Max India said in a BSE filing.
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