homevideos Newsfinance News

Credit linked health insurance: IRDAI may tweak and not ban sale

videos | Dec 21, 2020 1:32 PM IST

Credit linked health insurance: IRDAI may tweak and not ban sale

Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
Mini

The Insurance Regulatory and Development Authority of India (IRDAI) may tweak and not ban the sale of credit linked health insurance products, according to sources.

The Insurance Regulatory and Development Authority of India (IRDAI) may tweak and not ban the sale of credit linked health insurance products, according to sources.

Recommended Articles

View All

Credit linked health insurance products are often used as collateral by housing finance companies, NBFCs against housing loans or vehicle loans which they provide.
CNBC-TV18 has learnt that was that there was some resistance on the ban which came from general insurance council and therefore, IRDAI now is not in favour of banning the credit-linked health insurance products entirely but it’s looking at making a tweak in terms of how these products are sold into the market.
Meanwhile, Prayesh Jain of Yes Securities said, “A tweak is relatively better compared to a complete ban and this tweak could mean that the impact could be much lower.”
Watch the video for more
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng