Insurance New Rules are going to come into effect from January 1. Which can provide great relief to customers who have taken or are about to take the policy.
Insurance New Rules: While doing insurance, many confusions remain between the company and the customer. Whose direct loss is to the customer only. But this will not happen now. Because IRDAI i.e. Insurance Regulatory and Development Authority of India, which regulates the insurance company, has made a big change in the rules. Therefore, if you are going to take a policy or have already taken it, this news is very important for you.
Your feedback matters!
Participate in IRDAI’s Call Centre Feedback Survey on #MyGov, a vital tool for enhancing services, analyzing requirements, and boosting customer satisfaction. Be a part of this valuable initiative.
Visit: https://t.co/pSBB4JuOdS#IRDAI… pic.twitter.com/tpjeKKA3JE
— MyGovIndia (@mygovindia) November 2, 2023
IRDAI brought new rules
Actually IRDAI has said that now the company will have to keep the policy name, policy number, policy type, insured amount in a different format along with the insurance product. So that the customer can easily understand all these things. Along with this, information about the expenses included in the policy, waiting period, financial limit of coverage will also have to be included. And the biggest thing is that the company will have to give the policy rule sheet to the customer in the local language on demand.
The customer gets trapped in the tricks of the company
Talking about the present time, the company used to harass the customers by cleverly hiding the rules. After this, when it came time to pay the premium, the customer faced the problem. But from January 1, 2024, companies will have to follow the rules of IRDAI. If the rules are not followed, companies should be prepared for action.
New rule will come into effect from 1st January
All these rules were being demanded for a long time. For this, customers had also sent suggestions on the IRDAI portal. Although the rule has been made. It will also be implemented from January 1, but only time will tell whether customers will be able to save themselves from the company’s tricks or not.
