IRDA has proposed minimum indemnification
The Indian insurance commission, IRDA, has asked insurers to set a minimum death benefit. This proposal provides beneficiaries with a benefit tenfold the equivalent of the annual premiums or at 105% of total premiums paid till the date of death. Indemnification will, therefore, be related to the payment of premium and no longer to sums insured.
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Thu, 04/04/2013 - 15:45
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