Allahabad HC: MPs, Judges and Ministers May Use ‘Hon’ble’; Civil Servants are Not Entitled to it || Calcutta HC: Salary Withholding and Harassment Claims are Not Defamation Without Reputational Harm || Gauhati HC: Officer Resigning Without New Govt Appointment Cannot Claim Pension under Assam Service || MP HC: Attachment & Auction are Quasi-Judicial Duties of Tehsildar; Action Invalid Without Mala Fide || Supreme Court: Fence-Sitters Cannot Raise Seniority Disputes Once Third-Party Rights are Settled || SC: Medical Negligence Claims Can be Filed Against Deceased Doctor’s Legal Heirs Who Inherit Estate || Supreme Court: Bail Must Be Considered if Speedy Trial Rights are Violated, Regardless of Offence || Supreme Court: Article 226 Cannot be Used to Seek FIR Registration Without Exhausting Remedies || SC: Dowry Deaths Remain a Grave Social Issue, Especially in Uttar Pradesh, Bihar, and Karnataka || Supreme Court Outlines Principles Governing Exercise of Jurisdiction under Article 227

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 :