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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Preamble 1

Title: INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002

State: Central

Year: 2002

Matched in: Title INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002

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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Complete Act

State: Central

Year: 2002

insurance Regulation5 - Regulation 5 Grievance redressal procedure Regulation6 - Regulation 6 Matters to be stated in life insurance policy Regulation7 - Regulation 7 Matters to be stated in general insurance policy Regulation8 - Regulation 8 Claims procedure … Matters to be stated in life insurance policy Regulation7 - Regulation 7 Matters to be stated in general insurance policy Regulation8 - Regulation 8 Claims procedure in respect of a life insurance policy Regulation9 - Regulation 9 Claim

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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Regulation 9

Title: Regulation 9 Claim procedure in respect of a general insurance policy

State: Central

Year: 2002

Matched in: Title Regulation 9 Claim procedure in respect of a general insurance policy

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Brief the judgments behind these acts

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Regulation 3

Title: Regulation 3 Point of Sale

State: Central

Year: 2002

(1) Notwithstanding anything mentioned in Regulation 2(e) above, a prospectus of any insurance product shall clearly state the scope of benefits, the extent of insurance cover and in an explicit manner … exceed 30% of the premium of the main product. Explanation. The rider or riders attached to a life policy shall bear the nature and character of the main policy, viz. participating or non-participating and accordingly the life

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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Regulation 4

Title: Regulation 4 Proposal for insurance

State: Central

Year: 2002

Matched in: Title Regulation 4 Proposal for insurance

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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Regulation 11

Title: Regulation 11 General

State: Central

Year: 2002

sought to be covered by a policy. (4) Any breaches of the obligations cast on an insurer or insurance agent or insurance intermediary in terms of these regulations may enable the Authority to initiate action against each

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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Regulation 2

Title: Regulation 2 Definitions

State: Central

Year: 2002

Authority Act, 1999 (41 of 1999); (c) "Cover" means an insurance contract whether in the form of a policy or a cover note or a Certificate of Insurance or any other form prevalent in the industry to … . . (1) In these regulations, unless the context otherwise requires: (a) "Act" means the Insurance Act, 1938 (4 of 1938); (b) "Authority" means the Insurance Regulatory and Development Authority established under the provisions

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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Regulation 10

Title: Regulation 10 Policyholders' Servicing

State: Central

Year: 2002

(1) An insurer carrying on life or general business, as the case may be, shall at all times, respond within 10 … may be, shall at all times, respond within 10 days of the receipt of any communication from its policyholders in all matters, such as: (a) recording change of address; (b) noting a new nomination or change of

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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Regulation 1

Title: Regulation 1 Short title and commencement

State: Central

Year: 2002

(1) These regulations may be called the Insurance Regulatory and Development Authority (Protection of Policy holders' Interests) Regulations, 2002. (2) They shall come into force on

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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Regulation 5

Title: Regulation 5 Grievance redressal procedure

State: Central

Year: 2002

and grievances of policyholders efficiently and with speed and the same along with the information in respect of Insurance Ombudsman shall be communicated to the policyholder along with the policy document and as may be found necessary.

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