Current Affairs · Insurance Regulation
What is the key regulatory change introduced by IRDAI for life insurance savings products, effective from September 30, 2024?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Elimination of pre-policy medical examinations for all age groups
- 2Mandatory introduction of blockchain-based policy issuance
- 3Reduction in minimum sum assured for rural policies
- 4Mandatory policy loan facility for all life insurance savings products✓
Correct answer
Mandatory policy loan facility for all life insurance savings products
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