Life Insurance Products

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ife Insurance Products <br>News and Press Release<br>Dated:- 5-1-2018<br><BR>Insurance Regulatory and Development Authority of India (IRDAI) has informed that in order to give an added fillip in provi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ding easy access to Life Insurance Products to people at large and to enhance insurance penetration and density, Guidelines on Point of Sales (POS) were issued on 9th November 2016. As per the said Gu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....idelines, 'Point of Sales (POS) Product' means simple plain vanilla type of product wherein each and every benefit is predefined and disclosed upfront clearly at the time of sale itself and is very si....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mple to understand. The four categories of products offered under POS - Life Insurance are as given under: i. Pure Term Insurance Product with or without return of premium ii. Non-linked Non-Partici....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pating Endowment Product (Money back feature also allowed) iii. Immediate Annuity Product iv. Any other product/product category, if permitted by the Authority. This was stated by Shri Shiv Pratap ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Shukla, Minister of State for Finance in written reply to a question in Lok Sabha today.<BR> News - Press release - PIB....