For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Reliance Life Insurance welcomes IRDA's decision to allow banks to act as insurance brokers

By Religare
|
Reliance Life Insurance welcomes IRDA's decision
Reliance Life Insurance Company (RLIC), a part of Reliance Capital Ltd, welcomed new regulations announced by insurance regulator that allowed banks to act as insurance brokers and sell products of multiple insurance companies instead of only one company.
 

"We welcome IRDA's new regulations, allowing banks to become licensed insurance brokers and to offer products of multiple insurance companies to their customers," said RLIC's CEO Anup Rao.

RLIC said these new regulations will lead to an open bancassurance architecture and will drive banks to align their interest with customers by offering them a wider choice of products from a larger number of life companies, instead of existing conflicted practice of pushing products from a single manufacturer.

Dion Global Solutions Ltd.

Read more about: irda reliance life insurance
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more