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IRDAI issues standard individual term-life insurance product 'Saral Jeevan Bima'

October 16, 2020
The IRDAI has come with the guidelines on Standard Individual Term Life Insurance Product “Saral Jeevan Bima”. A standard term product will make it easier for the customers to make an informed choice, enhance the trust between the Insurers and the insured, and reduce mis-selling as well as potential disputes at the time of claim settlement
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