Insaurance Current Affairs, GK & News

IRDAI allows Banks to tie up with insurers

August 14, 2015

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed banks to tie up with insurers. This decision was taken as part of the IRDAI’s new Bancassurance model guidelines which will be notified soon. Prior to this decision, banks were not allowed to  have insurance agency tie-ups with more than one insurer. As per new ..

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