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Apr 17, 2015
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Rs 2 lakh ceiling for life insurance policies sold through CSCs
Life insurance policies sold through common service centres (CSCs) would have a maximum sum assured of Rs 2 lakh, according to draft regulations released by the Insurance Regulatory and Development Authority of India (Irdai).
Only products that are approved for it can be sold for the CSC model.Motor insurance would be allowed to exceed this limit.In the Insurance Laws (Amendment) Act, 2015, CSCs are included in the category of intermediary and insurance intermediary.
Source -
http://www.business-standard.com
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