Supreme Court: State Must Be Impleaded When Relief is Sought From Public Exchequer || SC: Student Fees Cannot Be Increased Mid-Course Except in Exceptional Circumstances || Supreme Court: ED's Delay in Sending Arrest Order Does Not By Itself Invalidate Arrest || Supreme Court: Appeal Limitation Runs From NCLAT Order Pronouncement, Not Certified Copy Receipt || Gujarat High Court: Waqf Tribunal Has No Supervisory Authority Over Waqf Board || Kerala High Court Orders Aadhaar Fingerprint Comparison to Trace Sreekrishnapuram Murder Culprits || Delhi High Court: Unnatural Death at Police Station Alone Cannot Establish Police Negligence || Orissa High Court: Teacher Scolding Student for Intoxicant Use is Not Suicide Abetment || Supreme Court: Drug Users are Victims and Focus Must Be on Breaking the Supply Chain || Supreme Court: Non-Signatories May Join Arbitration When the Dispute Affects Their Rights

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 :