Bom HC: Civil Court Can Invoke Sec 151 CPC to Dismiss a Suit as Infructuous if Cause of Action Ends || Kerala HC: Arrest Grounds Need Not Be Shared With Foreigner’s Family If FRRO Or Embassy is Informed || Delhi HC Granted Interim Relief to JioStar in a Dispute over Legends League Cricket Broadcast Rights || SC: Dishonour of a Post-Dated Cheque Alone Does Not Establish Dishonest Intent For Cheating || SC: Disciplinary Proceedings Started During Service May Continue After Retirement If Rules Allow || Supreme Court: Earning Interest on a Bank Deposit Does Not Make it a Commercial Purpose || CCI Dismisses Complaint Against Rapido over Use of Private Vehicles in Bike Taxi Service || Allahabad HC: State Must Protect Individuals Threatened for Conducting Prayers in Private Spaces || Madras HC: Habeas Corpus Petition Cannot Be Used if Wife Voluntarily Elopes with Another Man || Calcutta High Court: Post-VRS Service Benefits Cannot be Denied; Ex-Employees Entitled to Arrears

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 :