The Insurance Regulatory and Development Authority (Irda) is set to ban the controversial highest net asset value (NAV)-guaranteed products, its chairman J Hari Narayan said on Saturday. “Yes, we are considering it.
We have not really issued any order, but we are actively considering it,” Hari Narayan told reporters on the sidelines of a seminar on ‘Policyholder Protection and Welfare’.
Source : Business Standard
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