Simple Life Insurance Plan:Insurance Regulatory and Development Authority of India
Insurance Regulatory and Development Authority of India (IRDAI) has prepared ‘Saral Life Insurance Scheme’ to provide term insurance facility to more and more people of the country. Term insurance plans of different companies have different conditions, in such a situation, IRDA has prepared this plan. All the companies have to keep the same terms and conditions. Although companies have been allowed to fix the premium according to their own, but the chances are very low in view of the competition in the market.
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