IRDAI says facility of policy loan is mandatory for life insurance savings products

IRDAI says facility of policy loan is mandatory for life insurance savings products

The Insurance Regulatory and Development Authority of India (IRDAI) on Wednesday said the facility of policy loan is now mandatory for all life insurance savings products, enabling policyholders to meet liquidity requirements. IRDAI announced that the free look period, allowing policyholders to review the terms and conditions, has been extended from 15 days to 30 … Read more