J&K&L HC: Delay in Executing Preventive Detention on Unsubstantiated Medical Ground Makes it Invalid || Delhi HC Allows AITA Results For Interim Management and Directs Fresh Elections Under New Sports Law || J&K&L HC: Preventive Detention U/S 129 BNSS During Proceedings Must Satisfy Strict Legal Standards || Gujarat HC: Firing in Air at a Wedding Without Intent to Harm Does Not Amount to Attempt to Murder || Bom HC: Developers’ Profit Rights in Redevelopment Cannot Override Members’ Right to Safe Housing || Supreme Court: Joint Accused Statements are Admissible Only When They Result in Distinct Discoveries || SC to Ex-MLA in Money Laundering Case: Duped Homebuyer Must be Safeguarded First, then Consider Bail || Supreme Court: Right to a Speedy Trial Cannot Override NDPS Act Bail Conditions || SC: Relatives Cannot be Implicated in Bigamy Solely Based on Knowledge of a Second Marriage || Supreme Court: Service Inam Land Attached to a Mosque Constitutes Waqf Property and is Inalienable

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 :