Should you wait till October to buy insurance?
Wait till products are re-filed, as it will give you added benefits.The Insurance Regulatory Development Authority (Irda) has asked all life and general insurers to re-file products in a way that business is protected and customers aren’t inconvenienced. The deadline for r-filing both life and health products is October 1 this year.
Re-filing is essential at this point in time, because many insurance products are more than a decade old, and do not comply with the new product design which should be in line with the needs of the customers.
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