Recently, SEBI has come out with guidelines for the introduction of exit load on the redemption of units in liquid funds within seven days of investment, which has made the investment in liquid funds unattractive for short duration investment.
IRDAI proposed to mandate all general and health insurers to offer a standard indemnity-based health insurance product with a sum insured ranging from Rs 1,00,000 to Rs 5,00,000 on individual as well as family floater basis
According to the latest draft proposal issued by the insurance regulator on Monday, standalone OD cover may be allowed where long-term liability policy is mandated. The expiry of OD cover should not be later than the expiry of the liability policy.
As per the circular, when new security is purchased for which market price is not available on the same day, then such a security will be valued on the basis of scrip level price/ scrip level yield at which the securities are purchased.
FASTags are issued by 22 certified banks through various channels such as Point-of-Sale (POS) at National Highway toll plazas and select bank branches, e-commerce platforms like Amazon and mobile wallets like Paytm.
A central repository of telematics data can be created where data from various sources flows to create a common pool. The data captured by the device helps insurers for designing a customised motor insurance policy with its unique premium.
The Working Group made various recommendations, after which it has been decided to work on the product design and draw up the proposed policy wordings, including the terms and conditions in plain language, keeping the large motor segment in mind.
With the help of FASTag, you will not have to stop your vehicle at toll plazas to pay the toll. As soon as the vehicle crosses the toll plaza, the toll fee will get deducted from the prepaid wallet linked to the FASTag affixed on car's windscreen.
Life insurers are required to show the details of individual and group death claims ratio on their websites separately. If they are showing a death claim ratio by clubbing the data for individual and group policies, they are violating IRDAI rules.
FASTags will become mandatory for all vehicles, private and commercial, from December 15, 2019. These are currently issued by 22 certified banks through various channels such as Point-of-Sale (POS) at National Highway toll plazas and bank branches.
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