IRDA signals reforms in single premium plans

Jan 30

IRDA signals reforms in single premium plans

Single premium product, which has caught the fancy of the life insurance industry after the change in regulations around unit-linked insurance products, may be in for some reform. “We need to think about the need of insurance as long-term business. Focus had shifted to three-pay or four-pay products and, even worse, to single-pay products. Industry based on single premium is not good,” said Irda chairman J Hari Narayan
http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/change-in-single-pay-plans-on-cards-irda/articleshow/11680878.cms

 

.

Leave a Reply

Your email address will not be published. Required fields are marked *