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 || Supreme Court: Court Cannot Order an Accused to Surrender While Denying Anticipatory Bail || Supreme Court: Landlord’s Legal Heirs May Amend an Eviction Suit to Include Bona Fide Need || Supreme Court: Unsuccessful Party Can Invoke Section 9 of the Arbitration Act Even After an Award || Karnataka High Court: Accused Cannot be Required to Share Live GPS Location as a Condition of Bail || Guj HC: Plaintiff in Specific Performance Suit Must Prove Readiness &Willingness to Perform Contract || Madras HC: Transgenders are Children of God, Tragedy Lies in Society’s Blindness, Not Their Birth || Del HC: False Educational Qualification Declaration does not amount to Corrupt Practice U/S 123(4)

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 :