Exposure Draft on Guidelines on Distance Marketing and Sale Process Verification of Insurance Products

Exposure Draft, dated 4-6-2010

The Authority proposes to come out with the Guidelines on Distance Marketing and Sale of Insurance Products to streamline the manner of sale of insurance products and to address some of the issues which are specific to protection of interests of policyholders buying insurance over distance modes such as telephone and the internet.

The exposure draft on the above guideline is hereby published to elicit opinion of policyholders, consumer organisations, general public, distributors, insurers and various other stakeholders.

It is therefore requested that the comments may be forwarded to Mr. V. Sai Kumar, OSD (Life) or e-mail to vsaikumar@irda.gov in on or before 20th June, 2010.

Encl: Exposure Draft on Guidelines on Distance Marketing and Sale Process Verification of Insurance Products