SC: Courts Must Curb Unlicensed Money Lenders; Probes Need Not Wait For New Law || SC: Gratuity May be Withheld While Criminal or Disciplinary Proceedings are Pending Against Employee || SC: Weapon Recovery Useless Without Proof Linking it to Crime under Section 27 Evidence Act || SC: Fines Also Run Concurrently When Sentences For Multiple Offences Run Concurrently || SC Dissolves 10-Year Estranged Marriage, Quashes 80+ Cases in 'Matrimonial Mahabharata' Dispute || SC: Board Resolution Signature Alone Doesn’t Prove Director’s Knowledge of Company Affairs || Raj HC: Industrial Tribunal Allowing Workman Legal Representation But Denying Employer is Unequal || Karnataka HC: Service Bonds Enforceable on Students With Subsidised Education, Not Bonded Labour || Gauhati HC: Challenge to Marks Barred by Constructive Res Judicata When Party Accepts Limited Remand || SC: Cheque Dishonour Complaint Can't be Quashed Pre-Trial if Sec 138 NI Act Conditions Met

Instructions to stop the facility of re-payment of loan taken against the insurance policy through Credit Card- (Insurance Regulatory and Development Authority) (04 May 2023)

MANU/IRDA/0029/2023

Insurance

1. The Authority has decided to stop the facility of re-payment of loans taken against the insurance policy using credit card as a mode of payment. Accordingly, all Life Insurers are advised to stop the acceptance of credit card as a mode of re-payment of loans granted against insurance policies with immediate effect.

2. This circular is issued in exercise of the powers conferred under Section 14 of Insurance Regulatory and Development Authority Act, 1999.

Tags : INSTRUCTIONS RE-PAYMENT LOAN

Share :