Irda News
Irda to allow combo products
Life insurance companies will soon be allowed to tie up with non-life companies to offer health-plus-life combi products.
The Insurance Regulatory and Development Authority (Irda) on Thursday said the product would be a combination of a pure term product covering life risk and a health insurance cover.
However, a life insurer will be allowed to tie up with only one non-life insurer and vice-versa.
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