The Life Insurance Council has asked the Insurance Regulatory and Development Authority (IRDA) for an extension in the deadline for the implementation of the new traditional product guidelines. From first October 2013, life insurers cannot sell products that do not conform to the new product guidelines for traditional products.
The Life Insurance Council said that after representation from the life insurers, it has proposed an extension of October first deadline.
Meanwhile, the IRDA said that it is not looking to give any further extensions to enter the new product regime, since most life insurance companies have filed adequate products for re-filing.
vinay mohanty
The Life Insurance Council said that after representation from the life insurers, it has proposed an extension of October first deadline.
Meanwhile, the IRDA said that it is not looking to give any further extensions to enter the new product regime, since most life insurance companies have filed adequate products for re-filing.
vinay mohanty
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