Irdai comes out with mandatory standard life insurance covers for the first time

The policy called ‘Saral Jeevan Bima’ has been designed by the Authority as a non-linked, non-par protection policy with stipulated pay out in the event of death of the sum-assured. Insurers have been mandated to file their products by December 2020 and then market them starting 2021.

from Stocks-Markets-Economic Times https://ift.tt/3nU2DUc