Tuesday, March 15, 2016

Insurers can't impose restriction on purchase of policy

With a view to protect the interests of policy holders and prevent unhealthy market practices,
It is hereby clarified that there shall be no restriction whatsoever on sourcing/servicing of motor insurance business (including personal accident policies, wherever applicable) by any agent/intermediary or insurer/insurance office on the ground that they have tie-up with any motor
dealers/manufacturers.

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