Ministry : Insurance Regulatory And Development Authority (Not Applicable)
Part III-Section 4
Subject : Extra Ordinary
Gazette Information
Gazette Title
Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024
Gazette Number
2225 GI/2024
Publication Date
March 22, 2024
Issuing Authority
Insurance Regulatory and Development Authority of India
Summary
- The regulations aim to protect the interests of policyholders in the insurance sector.
- They cover provisions related to the solicitation, sale, and servicing of insurance policies.
- Insurers are required to ensure fair treatment of prospects and policyholders.
- Regulations include guidelines for grievance redressal and management of risks associated with outsourcing.
- They mandate transparency in advertising and the provision of clear information regarding insurance products.
