Irdai has set up a committee to simplify the wording of insurance policies to help people make an informed decision before buying cover. Eight-member committee has been asked to submit its recommendations within 8-10 weeks. The panel has been asked to examine the existing insurance policy wording and suggest "simple and plain" wording that is legally correct and enforceable.
from Banking/Finance-Industry-Economic Times https://ift.tt/GKka9il
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