How new laws are helping insurance policies improve

How new laws are helping insurance policies improve

This year several new insurance regulations have been notified or proposed. These laws consist of many seemingly incremental changes but when put together become a meaningful step forward for policyholders. The regulations cover life insurance, both traditional and unit-linked insurance plans (Ulips), health insurance, third-party administrators (TPAs), fixed benefit critical illness and personal accident plans, insurance distributors and a framework for product innovation.

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