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Mandatory third party liability insurance for Indian insurance intermediaries

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Magazine Issue: 
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Magazine date: 
Jun 2021

IRDAIThe Indian regulatory authority IRDAI has made it mandatory for insurance intermediaries engaged in the distribution of insurance products to underwrite a professional third-party liability insurance policy.

Insurers are now required to provide professional third-party liability coverage to brokers, agents, website aggregators and insurance marketing companies.

The new guidelines will come into effect on 1 July 2021.

Read also | Indian insurance martket [4]

Thu, 17/06/2021 - 14:40

Source URL: https://www.atlas-mag.net/en/article/mandatory-third-party-liability-insurance-for-indian-insurance-intermediaries

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