Insurance regulator tightens anti-money laundering rules
IRDAI has stiffened the anti-money laundering rules as part of consolidation of the guidelines for the sector. The rules issued Read more
The test of good conduct of business by insurers is whether policyholders are treated fairly both before the contract is entered into and throughout the lifecycle of the insurance policy, until all obligations under the contract have been satisfied. From the regulatory perspective, the pre-requisite is a proper framework including relevant laws, rules, regulations, guidelines etc., within which the insurers and intermediaries operate.
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