Discover and read the best of Twitter Threads about #IRDAI

Most recents (5)

Yes a BIG part... but people are ignorant. Also while IEPF prominently says DONT GO TO AGENTS -- it is extremely difficult to file claims successfully - that too online! People wont fight and @nsitharaman @FinMinIndia dont care. IEPF authority unaccountable. MPsSquabble!
@nsitharaman @FinMinIndia Many people dont even know there are shares in their names. companies have stopped paying dividends etc. So it is agents who search & approach investors. Fees range from 15% to 50%, depending on your ignorance levels! But often, what is the choice when REDTAPE is mindboggling?
@nsitharaman @FinMinIndia With the kind of stringent KYC and video KYC insisted on by this govt #NDA, there is NO EXCUSE for NOT TRACING rightful owners and returning their money with basic authentication. NOBODY CARES to fight for this, LEAST OF ALL INVESTORS. Most won't go beyond TWEETING gyan here!
Read 8 tweets
#MCPersonalFinance | Coming in April, a new standard home insurance policy: Should you buy it? @Preeti__Kul explains:…

#HomeInsurance #Insurance #IRDAI
#MCPersonalFinance | Many senior citizens suffer from inadequate cashflows. Reverse mortgaging their residence would enable them to get a steady income over their lifetime, writes @thanawala_hiral.

#SeniorLiving #FinancialPlanning…
#MCPersonalFinance | Mutual funds vs unit-linked insurance plans - Here are some factors that can help you assess the products and decide what suits you.

(By Joydeep Sen) #MutualFunds #Investment #Insurance…
Read 5 tweets
This is exactly why #PMJAY is more than just another "scheme". Its quality, pricing, protocol, monitoring, and purchasing standards can have a multiplier effect on the entire health system, impacting the health of all Indians, well beyond the money that they directly spend.
The impact of these efforts will be further magnified if the insurance regulator (#IRDAI) and the Employees' State Insurance Corporation (#ESIC) include these standards in their own guidelines and regulations.
#IRDAI and #PMJAY (@AyushmanNHA) constituted a joint working group in March 2019 to discuss many of these issues. They have now published their reports which are worth a careful read and contain a number of far-reaching ideas:…
Read 3 tweets
In order to protect #policyholders #interest against unethical practices & to clear ambiguity #IRDAI is taking steps to curb mis-selling & bring in more transparency, as a policyholder make sure that one fully understand terms & conditions before purchasing #insurance policy.
A #policyholder must ensure if the policy matches his/her needs. They must read the fine print. Keep #insurance & #investment instruments separate & avoid combining the two. A #TermInsurance + #MutualFund is best combo. Remember, #AdviceZarooriHai & #AdvisorZarooriHai. @livemint
The whole purpose of taking an #insurance policy is to take care of the ‘If I die in the policy tenure’ part! Insurance is a pure #RiskManagement tool & is a must. One must be aware of the nitty-gritties of insurance policies. This is where role of a #financialadvisor comes.
Read 4 tweets
Thread alert on IRDAI Regulatory Sandbox. Did an article on the topic a few days ago to demystify it. After having thrown some light on the regulation, I seek a few answers. Tweeps, time to return the favour :) Both answers and questions are welcome [1/n]
Q1) Assuming an innovation requires relaxation in the existing regulations, which the regulator grants. What would happen to the innovation after the testing period of 6 months is over and the innovation, by design, cannot comply with the existing regulations? [2/n]
Q1) For example, pay-as-you-go insurance products are not allowed by the existing regulations. What happens if the innovation loses meaning without the relaxation of this particular norm? [3/n]
Read 13 tweets

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