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Irdai proposes to extend the Free Look Period for insurance policies by 30 days

To empower policyholders and ensure greater transparency, the Insurance Regulatory and Development Authority of India (Irdai) has proposed extending the free look period for insurance policies obtained through any mode. Previously set at 15 days from the date of receipt of the policy document, this crucial window now spans an additional 30 days.  This extension will help policyholders with an increased duration to thoroughly review their insurance policy details, understand its terms and conditions, and make informed decisions regarding its suitability The Insurance Regulatory and Development Authority of India (IRDAI) has recently made a significant proposal to extend the Free Look Period for insurance policies by an additional 30 days. This move aims to enhance consumer protection and provide policyholders with more time to review their insurance policies thoroughly. The Free Look Period, currently set at 15 days from the date of receipt of the policy document, allows policyholder
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According to officials, the death toll from the earthquake in Nepal might grow to at least 128.

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According to officials, the death toll from the earthquake in Nepal might grow to at least 128. Nov. 4, Kathmandu (Reuters) - A powerful earthquake that slammed Nepal's western Jajarkot district on Saturday caused at least 128 deaths and several injuries, according to officials. The earthquake also caused buildings as far away as New Delhi in neighboring India to tremble. The magnitude 6.4 earthquake struck on Friday at 11:47 p.m. (1802 GMT), according to Nepal's National Seismological Centre. The U.S. Geological Survey recorded the earthquake at 5.6, while the German Research Center for Geosciences downgraded it from 6.2 to 5.7. This earthquake is the deadliest since two in the Himalayan nation in 2015 claimed around 9,000 lives. At a cost of $6 billion to the economy, entire cities, ancient temples, and other historic landmarks were reduced to rubble, and over a million homes were destroyed. Since they were unable to make touch with the hilly region close to the epicentre, wh
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