Life Insurance Products

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..... Life Insurance Products
News and Press Release
Dated:- 5-1-2018

Insurance Regulatory and Development Authority of India (IRDAI) has informed that in order to give an added fillip in prov .....

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..... iding easy access to Life Insurance Products to people at large and to enhance insurance penetration and density, Guidelines on Point of Sales (POS) were issued on 9th November 2016. As per the said G .....

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..... uidelines, 'Point of Sales (POS) Product' means simple plain vanilla type of product wherein each and every benefit is predefined and disclosed upfront clearly at the time of sale itself and is very s .....

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..... imple to understand. The four categories of products offered under POS - Life Insurance are as given under: i. Pure Term Insurance Product with or without return of premium ii. Non-linked Non-Partic .....

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..... ipating Endowment Product (Money back feature also allowed) iii. Immediate Annuity Product iv. Any other product/product category, if permitted by the Authority. This was stated by Shri Shiv Pratap .....

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..... Shukla, Minister of State for Finance in written reply to a question in Lok Sabha today.
News - Press release - PIB .....

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